Nearby Schools
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Description
Introducing a rare 10.61-acre development opportunity in the heart of West Asheville—ideally suited for affordable and
workforce housing in one of the region’s most supply-constrained and high-demand submarkets. Located within walking
distance of Carrier Park, the Wilma Dykeman Greenway—offering direct access to the River Arts District— as well as
essential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity and
livability critical to successful affordable housing communities. As one of the largest remaining undeveloped tracts in West
Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable
options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning
Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site
plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key
advantages for projects utilizing LIHTC or other funding sources. The site’s natural features, including a small creek and
generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented
design elements that enhance resident well-being while aligning with modern affordable housing standards. Comprised of
seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy
Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling
efficient, cost-effective construction. With sustained demand for affordable housing, strong municipal support for
attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for
developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing
entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings. Also listed at MLS# 4368284
Location
Listed By
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with this website or services infringes your copyright, you (or your agent) may send a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to dataops@placester.com.
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Listing Office: Likewise Commercial Real Estate
Attribution contact:
jim@likewisecommercial.com
