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Est. Mortgage: $/month

Federal 30-year interest rate: 6.42% last updated on 2023-03-30

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94 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 2870494 Glenn Bridge Road Arden NC 28704
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  • 125,000Square Feet
  • 17.37Acreage
  • 1967Year Built
  • ActiveMLS Status
125,000sf warehouse building on 17.4 acres, with land approved for additional development. Prime location - There is no comparable site in greater Asheville. Compelling opportunity for a value-add buyer to hold the asset until the below market lease expires ($222,000 NOI for 3 years), then re-tenant at $7+ psf. Future $875,000 NNN income = $13M value (at 6.5% cap). Surplus Land Value is an additional $2M+. Approvals granted to build 93,000sf of additional warehouse/ or could support 100 multifamily units. Detailed site plans are available. Building details: - Warehouse area 1- 20,000sf: 26' clear with 4 docks - Warehouse area 2 - 37,000sf: 17' clear with 2 docks - Production area - 58,000sf: 13' clear/ perimeter windows - 6,000sf office space - new TPO roof 15 year warranty remains - clean Phase 1
Listed by Steven Shepard of Pulliam Properties,Inc

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Basic Information

  • ForeclosureN
  • List Price$9,500,000
  • MLS NumberCAR4000528
  • MLS StatusActive
  • Property SubTypeINDUSTRIAL

Interior

  • Flooring Concrete

Utilities

  • Cooling ["Office Only"]
  • Heating Natural Gas
  • Sewer Public Sewer
  • Utilities ["Electricity Connected"]

Tax Information

  • Taxes$1,440,700

Building

  • Elevation 2000
  • Foundation Details Slab
  • Square Feet125,000
  • Year Built1967

Exterior

  • Roof Rubber

Property Information

  • Construction Materials Block
  • Inclusions Building, Land

Location

  • Building Number94
  • CountyBuncombe
  • StateNC
  • StreetGlenn Bridge Road
  • Zip28704

Property

  • Acreage17.37
  • Parking Spaces
  • Water Source City

Other

  • View Count4

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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