FOR SALE - Western North Carolina Commercial Property Exchange

FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
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!
G/M Property Group, LLC
•
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
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.
2
1
4
3
G/M Property Group, LLC
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
GIS SEWER MAP
INVESTMENT
SUMMARY
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
•C S - 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!
G/M Property Group, LLC
PROPERTY ASSESSMENT/TAXES
PROPERTY
ACRES
9730-75-7914
9730-76-7065
9730-75-8859
9730-75-9922
Total:
ASSESSED VALUE
1.88
0.35
0.12
0.13
$
$
$
$
122,200
62,300
32,200
18,500
2.48
$235,200
2013 TAXES
$ 1,233.00
$ 628.61
$ 324.90
$ 196.84
$2,383.85
DEMOGRAPHICS
2012 DEMOGRAPHICS
POPULATION
MEDIAN AGE
AVERAGE HOUSEHOLD INCOME
1 MILE RADIUS
3 MILE RADIUS
5 MILE RADIUS
7,113
44
$68,791
35,026
38
$58,135
83,566
39
$55,537
Commercial Real Estate Services
FOR SALE
G/M Property Group, LLC
ELKWOOD AVENUE • WOODFIN • NC
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
SUBJECT
G/M Property Group, LLC
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
CORRIDOR AERIAL
Old B
eave
rda
mR
oad
I-26
Exit 23
Weaverville Hwy
to Downtown
Weaverville
Reynolds
Village
Mer
rim
on
Av
e
SUBJECT
Newbridge
Baptist
Church
Elkw
ood
Ave
Woo
dfin
Ave
Manor Ridge
Apartments
r
nt D
o
m Newbridge
Elk
Tire Center
to Downtown
Asheville
G/M Property Group, LLC
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
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
SHAPE
Irregular
chance) and X500 flood zones (.2% annual
chance) See Map Page 3
ROAD FRONTAGE
±180 feet on Elkwood Avenue
TOPOGRAPHY
Level to moderately sloping
ACCESS
Intersection of Elkwood Ave / Elkmont Dr
and Merrimon Ave
TRAFFIC COUNTS
•±3,900 VPD on Elkwood Avenue
• ±8,800 VPD on Weaverville Highway
• ±54,000 VPD on I-26 (@ Woodfin exit)
SITE AREA
±2.48 acres
FLOOD HAZARD
Portion lies within DFIRM AE (1% annual
G/M Property Group, LLC
UTILITIES
All public utilities are available to the site
Commercial Real Estate Services
FOR SALE
ELKWOOD AVENUE • WOODFIN • NC
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.
LOCATION
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.
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
Additionally, I-40 and I-26, both major
national thoroughfares for shipping and
transportation, serve the Asheville-MSA.
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
G/M PROPERTY GROUP, LLC
P.O. Box 18723
Asheville, NC 28814
(828) 281-4024
Jeremy Goldstein
YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.
John Menkes
G/M Property Group, LLC
•
Commercial Real Estate Services
jgold@gmproperty.com
jmenk@gmproperty.com
www.gmproperty.com