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OPPORTUNITY ZONE PROPERTY: 1.37-acres off Patton Avenue

Property Overview

Price/Rent PSF $ 1,060,000.00
Asset Type Land
Trade Type Sale
Acres Available 1.37
Date Available 02/20/2019
Additional URL Link
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Description

Location
The 1.37-acre property is located just off of Patton Avenue and close to a plethora of retail shopping, fast food establishments, banking facilities, and adjacent to the K-mart Shopping Center. The subject property is on the "going home" side of Patton Avenue and serves as a primary route to West Asheville, Leicester, and Candler. This location would be ideal for office, medical or small residential condo development.

Sale
SVN / BlackStream, LLC is pleased to offer for sale this redevelopment site located in Asheville, NC.

QUALIFIED OPPORTUNITY ZONE (QOZ) PROPERTY: This QOZ property enables the investor to:
1. Postpone paying taxes for 10 years.
2. Partial tax exemption on realized gains for 5 years (10%) and 7 years (15%).
3. Gross income exclusion for the post-acquisition gains if held for at least 10 years.

This 1.37 acre, site is located on the extremely busy business corridor of Patton Avenue and zoned Highway Business for a wide variety of commercial uses. Located within a mile of the heart of downtown Asheville and I26 / I240; this site is perfect for re-development. With exposure to more than 47,000 vehicles per day, this site is also an ideal location for any retail business that desires a considerable exposure and visibility.

*The information contained herein was obtained from sources deemed to be reliable. However, SVN / BlackStream, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. SVN / BlackStream, LLC recommends a commercial appraisal before listing. This is not a commercial appraisal.

Location (Click here to view the location on the map.)

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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