Our mobile site is optimized for smaller screens.

PrintSave Favorite
Price Down Payment Interest Rate Years

Est. Mortgage: $/month

Federal 30-year interest rate: 6.7% last updated on 2022-09-29

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

94 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 28704
QR Code
  • 121,000Square Feet
  • 17.37Acreage
  • 1967Year Built
  • ActiveMLS Status
Rare opportunity to purchase an exceptionally well located, large warehouse/production building on 17.4 acres, with land approved for additional development. Prime Arden location. The existing single tenant lease (47 months remains/ no renewal rights) is dramatically below fair market. Current fair market rent of $7.50 psf would produce income of $900,000/ year, a forward CAP rate of 10%, exclusive of surplus land value. The approximately 6.5 acres of surplus land fronting Old Shoals Rd has been approved for construction of an additional 93,000/sf. This land could also readily accommodate climate controlled self-storage or apartment construction. FMV of the surplus land is $250,000/ acre, or better.
Listed by Steven Shepard of Pulliam Properties,Inc

Ask A Question

Do not fill in this field:

Driving Directions

More Info

Basic Information

  • ForeclosureN
  • List Price$9,500,000
  • MLS NumberCAR3886978
  • MLS StatusActive
  • Property SubTypeCOMMERCIAL


  • Acreage17.37
  • Parking Spaces


  • View Count6

Tax Information

  • Taxes$1,440,700


  • Elevation 2000
  • Foundation Details ["Slab"]
  • Square Feet121,000
  • Year Built1967


  • Roof ["Rubber"]

Property Information

  • Construction Materials ["Block"]
  • Inclusions Building, Land


  • Building Number94
  • CountyBuncombe
  • Cross Street Old Shoals
  • StateNC
  • StreetGlenn Bridge Road
  • Zip28704


  • Flooring ["Concrete"]


  • Cooling ["Office Only"]
  • Heating ["Natural Gas"]
  • Utilities ["City Sewer", "City Water", "Electricity Available"]

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

Broker Reciprocity © 2022 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of October 3, 2022 12:51 AM EDT . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:


Do not fill in this field: