PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY IN WOODFIN! $749,000 WOODFIN COMMERCIAL EXCLUSIVE! ±2.48 acre site, suitable for a wide range of uses, occupying a prominent location at the intersection of Elkwood and Merrimon Ave!!! SEE INSIDE FOR MORE INFORMATION!
Elkwood Avenue Like A Frog, LLC, through G/M Property Group, LLC as its exclusive agent, is soliciting offers for the purchase of 4 parcels totalling ±2.48 acres in Woodfin, NC 28804. EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property. The Property is available on an As Is basis subject to a due diligence period. INVESTMENT HIGHLIGHTS ±2.48 acres of raw commercial land in Woodfin, NC, comprised of 4 parcels. CS zoning allows for a wide range of uses Located at a prominent intersection (Elkwood Ave & Weaverville Hwy), just north of Beaver Lake and many prestigious North Asheville neighborhoods. Equidistant to Weaverville and Asheville downtowns (5 miles to the North and South, respectively). Neighboring properties include: Newbridge Baptist Church Newbridge Commons (office park containing a dental practice) Manor Ridge Apartments (120-units) Woofin YMCA Reynolds Mountain (apartments, condos & high-end single family housing) The Property is located in the Asheville Metropolitan Statistical Area (A-MSA), the economic engine for Western North Carolina (WNC). Asheville is the 11th largest city in the state with just over 85,700 people. It is the regional center for health care, professional services, banking, manufacturing, transportation, and shopping, serving approximately 500,000 people in WNC. I-40 and I-26, both major national thoroughfares for shipping and transportation, serve the Asheville-MSA. 1 2 4 3
INVESTMENT SUMMARY GIS SEWER MAP PRICE $749,000 GROSS LAND AREA ±2.48 acres PRICE PER ACRE $302,016 LEGAL PINs: Parcel 1: 9730-75-7914 Parcel 2: 9730-76-7065 Parcel 3: 9730-75-8859 Parcel 4: 9730-75-9922 Deed Bk/Pg 3869/0619 4952/1958 GIS FLOOD MAP 2013 PROPERTY TAXES Parcel 1: $ 1,233.00 Parcel 2: $ 628.61 Parcel 3: $ 324.90 Parcel 4: $ 196.84 Total: $ 2,383.35 ZONING CS - Town of Woodfin Community Shopping District Permitted uses include: retail, office, auto part sales, car wash, hotel, medical, restaurant, drive-in. GENERAL DESCRIPTION ±2.48 acre site in Woodfin, NC, comprised of 4 parcels all zoned CS (Town of Woodfin). Suitable for a wide range of uses, and occupying a prominent location at the intersection of Elkwood and Merrimon Ave / Weaverville Hwy. High traffic counts, very accessible and located close to US Hwy 19/23 / Future I-26 Exit 23. Adjacent to Newbridge Commons, a modern, 4-unit, Class-A office complex to the south. Great development opportunity at a hightraffic intersection in North Asheville / Woodfin! PROPERTY ASSESSMENT/TAXES PROPERTY ACRES ASSESSED VALUE 2013 TAXES 9730-75-7914 1.88 $ 122,200 $ 1,233.00 9730-76-7065 0.35 $ 62,300 $ 628.61 9730-75-8859 0.12 $ 32,200 $ 324.90 9730-75-9922 0.13 $ 18,500 $ 196.84 Total: 2.48 $ 235,200 $ 2,383.85 DEMOGRAPHICS 2012 DEMOGRAPHICS 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS POPULATION 7,113 35,026 83,566 MEDIAN AGE 44 38 39 AVERAGE HOUSEHOLD INCOME $68,791 $58,135 $55,537
SUBJECT
CORRIDOR AERIAL to Downtown Weaverville Old Beaverdam Road I-26 Exit 23 Weaverville Hwy Reynolds Village Merrimon Ave SUBJECT Elkmont Dr Newbridge Tire Center Manor Ridge Apartments Newbridge Baptist Church Woodfin Ave to Downtown Asheville Elkwood Ave
SURVEY - 1981 SURVEY DOES NOT INCLUDE PARCEL #4 (9730-75-9922) SITE DESCRIPTION LOCATION Elkwood Avenue just southwest of Merrimon Ave / Weaverville Hwy ±5 miles north of downtown Asheville ±5 miles from downtown Weaverville ±0.5 miles from US Hwy 19/23 / Future I-26 ACCESS Intersection of Elkwood Ave / Elkmont Dr and Merrimon Ave SITE AREA ±2.48 acres SHAPE Irregular ROAD FRONTAGE ±180 feet on Elkwood Avenue TRAFFIC COUNTS ±3,900 VPD on Elkwood Avenue ±8,800 VPD on Weaverville Highway ±54,000 VPD on I-26 (@ Woodfin exit) FLOOD HAZARD Portion lies within DFIRM AE (1% annual chance) and X500 flood zones (.2% annual chance) See Map Page 3 TOPOGRAPHY Level to moderately sloping UTILITIES All public utilities are available to the site
SUBJECT ASHEVILLE MSA - MARKET SUMMARY The Property is located in the Asheville Metropolitan Statistical Area (A-MSA). the economic engine for Western North Carolina (WNC). Asheville is the 11th largest city in the state. With just over 83,500 people, it is the regional center for commerce and industry, serving approximately 500,000 people in WNC. The A-MSA s natural and architectural beauty, temperate climate, strong job market, healthy tourism industry, and outstanding educational and health care facilities make it one of the most attractive locations in the USA. It has historically enjoyed a steady, growing market without wild market fluctuations. Population has averaged 1.4% annual growth since 2000 and is projected to almost double the national growth rate over the next ten years, a reflection of the tremendous appeal to living in the area. The A-MSA has averaged 1.4% annual population growth since 2000, almost double the national rate. Additionally, I-40 and I-26, both major national thoroughfares for shipping and transportation, serve the Asheville-MSA. LOCATION ADDRESS Elkwood Avenue Woodfin, NC 28804 GPS COORDINATES 35.6355876, -82.5752619 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information above is subject to errors, omissions or change without notice. FOR MORE INFORMATION Please contact Jeremy Goldstein or John Menkes at G/M PROPERTY GROUP, LLC P.O. Box 18723 Asheville, NC 28814 (828) 281-4024 jgold@gmproperty.com jmenk@gmproperty.com www.gmproperty.com Jeremy Goldstein John Menkes YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.