Development Site has 3,100 LF of River Frontage, 8.3 Miles to Downtown SITE. Moffitt Branch Road. Tunnel Road

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1 31 ACRES FOR RESIDENTIAL PROXIMITY TO US 70 / I-40 EAST ASHEVILLE, NC (828) WhtneyCRE.com 423 Mofftt Rd, Ashevlle, NC Development Ste has 3,100 LF of Rver Frontage, 8.3 Mles to Downtown MAJOR PRICE REDUCTION NOW $950,000 (REDUCED FROM $1,200,000) Rcevlle Charles George Veterans Affars Medcal Center Blue Rdge SITE Tunnel Mofftt Branch Mofftt Swannanoa Rver OSEGA Gymnastcs To Black Mountan To Downtown Ashevlle Parkway EXIT 55 Bordered on 3 sdes by Swannanoa Rver Mountan and rver vews Water and sewer avalable Oteen / Rcevlle area Close to Blue Rdge Parkway Rverfront area as green space would be a nce amenty for resdences MLS# Karnes/CPE: Loopnet: Debbe McManns Whtney Commercal Real James Estate Harrson Servces Stephane WestWhtneyCRE.com Erc Engstrom dmcmanns@whtneycre.com The Ashevlle jharrson@whtneycre.com Regon s Only Full-Servce swest@whtneycre.com Commercal Real Estate eengstrom@whtneycre.com Frm

2 OVERVIEW 423 Mofftt n East Ashevlle sts on top of the Tunnel and Tunnel South retal corrdors, whch nclude both natonal chans and ndependent retalers n all consumer segments. Ths resdentally-zoned ste s mountan and rver vews provde t a feelng of prvacy, yet t s only 1.2 mles from Tunnel /US 70. Ths property s also close to the Blue Rdge Parkway and s just 8.3 mles from Ashevlle s boomng downtown dstrct. Water, sewer and electrc are avalable to the ste. Contact Whtney Commercal Real Estate for more n-depth nformaton about ths lstng. Beautful, tree-lned open spaces and lots of rver frontage are classc envronmental features of Western North Carolna. SUMMARY BEST USES: SINGLE-FAMILY RESIDENTIAL, CONDOMINIUMS, APARTMENTS TOTAL ACREAGE: +/- 31 Ac. TOTAL ACREAGE IN SF: 1,249,326 SF SALE PRICE: $950,000 PRICE / ACRE: $30, TAXES (2016): $1, DIMENSIONS, INTERIOR: 750 x 605 x 1,288 x 1,424 ACREAGE IN SF: 1,005,565 SF DIMENSIONS, OUTER U-SHAPE: 155 x 1,403 x 514 x 959 x 40 x 1,242 x 1,491 ACREAGE IN SF: 243,761 SF ROAD FRONTAGE: 2,712 LF RIVER FRONTAGE: 3,100 LF TRAFFIC COUNTS (US70): 16,000-19,000/day (ESRI: 2017) Debbe McManns dmcmanns@whtneycre.com James Harrson jharrson@whtneycre.com Stephane West swest@whtneycre.com Erc Engstrom eengstrom@whtneycre.com WATER: SEWER: ELECTRIC: MUNICIPALITY: ASHEVILLE COMMUNITY: EAST ASHEVILLE OTEEN/RICEVILLE COUNTY: BUNCOMBE ZONING: R-2 TYPE: LAND DEED BOOK: 4771 DEED PAGE: PIN #S: Measurements are derved from GIS mappng sources and deemed relable; however, we recommend ndependent surveys for confrmaton Mofftt, Ashevlle, NC FOR SALE $950,000 Tunnel 16,000 19, Mofftt 1 mle radus from major ntersecton below 423 Mofftt Whtney Commercal Real Estate Servces WhtneyCRE.com The Ashevlle Regon s Only Full-Servce Commercal Real Estate Frm Traffc counts are 16,000-19,000 cars/day along ths part of Tunnel. Nearby I-40 has approxmately 58,000 cars/day. Source: 2017ESRI/Kalbrate Technologes

3 CONCEPTUAL DRAWINGS Ths orgnal conceptual drawng was completed before current surveyng, but t s vsually useful to show the lot s relatonshp to the rver, access, and potental roadways. Note: These plannng drawngs are conceptual drawngs for graphcal purposes only and do not represent what has been enttled on the property. Buyer shall obtan all enttlements pursuant to any local, natonal and ndustry ordnances for any potental project. Conceptual drawngs showng prelmnary road, lot/use optons. Debbe McManns dmcmanns@whtneycre.com James Harrson jharrson@whtneycre.com Stephane West swest@whtneycre.com Erc Engstrom eengstrom@whtneycre.com 423 Mofftt, Ashevlle, NC FOR SALE $950,000 Whtney Commercal Real Estate Servces WhtneyCRE.com The Ashevlle Regon s Only Full-Servce Commercal Real Estate Frm

4 The Greater Ashevlle MSA and Regon TOPOGRAPHY MAP The Ashevlle Metropoltan Statstcal Area s comprsed of four countes at the ntersecton of I-40 and I-26 n Western North Carolna Gravel area Mofftt Rd Swannanoa Rver Swannanoa Rver Mofftt Rd MADISON Marshall Weavervlle Black Mountan BUNCOMBE HAYWOOD Ashevlle Waynesvlle ASHEVILLE REGIONAL AIRPORT HENDERSON Hendersonvlle Brevard Mlls Rver Flat Rock Knoxvlle Ashevlle Waynesvlle Hendersonvlle Greenvlle Athens Atlanta Charlotte Columba Property most easly accessed from the gravel shoulder at the curve. LOCATION 1,403 1, ,424 1, , ACRES 750 Please exercse cauton when crossng the road. Debbe McManns dmcmanns@whtneycre.com 423 Mofftt, Ashevlle, NC James Wth +/- Harrson 3,000 LF of frontage on the jharrson@whtneycre.com Swannanoa Rver, ths resdental development FOR SALE ste $950,000 has access from I-40 va Tunnel Stephane wth West many supermarkets, swest@whtneycre.com restaurants, and shops nearby. The Blue Rdge Parkway s wthn a 5 mnute drve. Erc Engstrom eengstrom@whtneycre.com Measurements are derved from GIS mappng sources and deemed relable; however, we recommend ndependent surveys for confrmaton Buncombe County: 251,000 Haywood County: 60,000 Henderson County: 112,000 Madson County: 21,000 TOTAL MSA Populaton: 444,000 Populaton, Housng and Wages Populaton Summary 2015 Total Populaton: 443,890 Projected 2019 Populaton: 468,146 Household Summary 2015 Households: 179, Average Household Sze: 2.28 Housng Unt Summary 2015 Housng Unts: 210,445 Owner Occuped Housng Unts: 57.3% Average Famly Income 2015: $73,638 Average Weekly Wages 2016, Q3: $862 Medan Home Value (2013) 2015: $209,800 Per Capta Income 2015: $44,077 Medan Age 2015: Employed Pop , Unemployment Rate 4.6% Rental Informaton Medan Gross Rents 2015: US Medan: $959 NC Medan: $827 Ashevlle Medan: $777 Rental Vacancy Rates 2015: US: 5.85% North Carolna: 7.02% Ashevlle 5.49% Ashevlle pop. wthn 3-mles: 52,400 Ashevlle pop. wthn 5-mles: 98,400 Ashevlle pop. wthn 10-mles: 204,500 State 2 BDR Medan Industry Establshments & Employment Sector Establshments Employment GOV T INDUSTRIES 13, ,543 Federal 81 5,469 State 70 8,868 Local ,878 PRIVATE INDUSTRIES 12, ,329 Goods-producng 2,088 47,946 Nat l resources/mnng 110 2,255 Constructon 1,405 12,780 Manufacturng ,911 SERVICE-PROVIDING 10, ,383 Trade, transportaton & utltes 2,664 56,978 Informaton 215 3,008 Fnancal actvtes 1,318 9,570 Professonal and Busness servces 2,529 30,114 Educaton and Health servces 1,491 56,991 Lesure & Hosptalty 1,401 44,405 Other servces 1,175 9,316 Whtney Commercal Real Estate Servces WhtneyCRE.com The Ashevlle Regon s Only Full-Servce Commercal Real Estate Frm 2010 Total Households: 214,000 Ashevlle housng, Owner: 67.6% Ashevlle housng, Renter: 32.4% Sources: U.S. Census Bureau, ESRI, ProxmtyOne, Apartment Lst, Department of Numbers, Cty Data

5 423 Mofftt Mofftt Tunnel Porter Cove Ext 55 DIRECTIONS From Ext 55 off of I-40 take Porters Cove north for 1/10 mle Take a left at lght to head west on Tunnel Travel 1/10 mle to a rght onto Mofft Branch Travel north 400 feet north on Mofft Branch to a left onto Mofft Travel approxmately 1 mle to Whtney CRE sgn on left Parkng s just beyond the sgn on your left Tral onto the property s drectly across the street from the parkng area. Ashevlle 423 Mofftt Black Mountan Debbe McManns dmcmanns@whtneycre.com James Harrson jharrson@whtneycre.com Stephane West swest@whtneycre.com Erc Engstrom eengstrom@whtneycre.com Brokerage l Property Management l Constructon Debbe McManns dmcmanns@whtneycre.com 1100 Rdgefeld Blvd, Sute , Mofftt Ashevlle,, Ashevlle, North Carolna NC James Harrson jharrson@whtneycre.com Brokerage and Property Management FOR Lcensed SALE as Whtney $950,000 Commercal Real Estate, LLC General Contractng Lcensed as Whtney Constructon & Development, Inc. Stephane West swest@whtneycre.com Erc Engstrom eengstrom@whtneycre.com (828) WhtneyCRE.com Informaton contaned heren s beleved to be accurate but s not warranted as to accuracy and may change or be updated wthout notce. Seller or landlord makes no representaton as to the envronmental condton of the property and recommends Purchaser s or Tenant s personal nvestgaton.