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OPPORTUNITY ZONE PROPERTY: 1.37-acres off Patton Avenue

Listing was updated on: 03/19/2020
OPPORTUNITY ZONE PROPERTY:  1.37-acres off Patton Avenue OPPORTUNITY ZONE PROPERTY:  1.37-acres off Patton Avenue OPPORTUNITY ZONE PROPERTY:  1.37-acres off Patton Avenue OPPORTUNITY ZONE PROPERTY:  1.37-acres off Patton Avenue OPPORTUNITY ZONE PROPERTY:  1.37-acres off Patton Avenue

Property Overview

Price/Rent PSF $ 675,000.00
Asset Type Land
Trade Type Sale
Acres Available 1.37
Date Available 03/19/2020
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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
development site located in Asheville, NC. The parcel is 1.37
acre, located on the high volume business corridor of Patton
Avenue, and zoned Highway Business for a wide variety of
commercial uses. Located less than a mile from downtown
Asheville and I-26 / I-240, with major tax incentives available,
this site is perfect for re-development.
- 47,000 vehicles per day
- high visibility position
- in booming west Asheville
- ideal for climate-control storage, professional offices, or
NNN retail
QUALIFIED OPPORTUNITY ZONE (QOZ) PROPERTY
Benefits:
1. Postpone paying capital gain 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.
*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.
Property Description
981 PATTON AVE | 981 PATTON AVENUE, ASHEVILLE, NC 28801 SVN | BlackNearby residential neighborhoods w/ over 21,000 homes in a 3-mile radius


*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

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