BUSINESS: Three Ways Anyone Can Cash In On The Greatest Piece Of Real Estate Development In Asheville

By D. Lanier Shook                       May 29, 2019

This is an intelligence website — we provide you information you probably won’t get elsewhere. I collect information, then I collate it and pass it on to you. Usually that’s travel information but today its real estate information.  Today its a tip how to make money in one way or another on the next piece of low hanging real estate development fruit in Asheville, North Carolina. So whether you have a billion dollars or no dollars here are five ways you can cash in on this development at 2625 Hendersonville Road in Arden, North Carolina— along with several reasons why you should.

NOTE: CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. REMEMBER, ITS EASIER TO KEEP YOUR MONEY THAN TO GET IT BACK.

1. Five Reasons The Property May Be The Best One In Western North Carolina

Last week marked the launch of my marketing campaign for my Great American Novel “Town Not For Sale” & I was  in Fletcher, North Carolina talking to potential customers. While sitting in traffic I that the former Carolina Furniture Concepts property is mostly empty — the only clients are a credit union and Beef O Brady’s. Not only is that property mostly vacant, but the one across Watson Road — maybe an old BI-LO store — is completely vacant. Suddenly I realized there was a real estate gem sitting here and here are the five reasons that the more I thought about it the more excited I got.

  • Both properties are huge — especially by Asheville standards.
  • Both properties already zoned commercial and already have been graded.
  • Both properties are on Hendersonville Road — US 25 — which is smoking hot real estate.
  • Not only do both properties have a secondary access in Watson Road, but Watson Road leads to Airport Road. Buncombe County can put as many speed bumps as they want to on Watson Road, but this means the property doesn’t just have access to Hendersonville Road, but also Airport Road and by extension I-26.
  • Both properties are located just south of South Asheville, which has already filled up. They are an affordable alternative to the even higher real estate prices in South Asheville.
  • Both properties are located on the Henderson County line, meaning that Buncombe County development rules don’t apply to anyone south of that line. An anchor development — like Target on Airport Road — spawns development around it — like the new Starbucks on Airport Road. Just because Asheville won’t approve a development doesn’t mean Hendersonville won’t.

2. Five Reasons You Should Be Interested, No Matter How Much Money You Have

Just because I’m writing this article doesn’t mean I know anything about there properties. They may not be for sale or they may be overpriced or they may under a conservation easement or some other weird law. I’m just the pointer dog telling you there’s a bird over there and here’s several reasons you should know about this particular bird.

  • For the larger investors there’s still alot of low-hanging fruit left along Highway 25. (Low-hanging fruit by Asheville standards meaning half a million dollars as opposed to five million dollars.) As you drive from Fletcher north into Arden there’s a bakery thrift store, a hot dog stand, and several other parcels which haven’t been fully developed. If you have a portfolio of several million dollars 2625 Hendersonville Road makes these worth looking into since whatever goes in there — whether a shopping center or a housing development — will create a demand for gas stations, car washes, and smaller “strip malls.”
  • For small business people this is an area to keep you eye on. If you own a gas station, a restaurant, or some other small business do your research.
  • For your average person this will be an area that will generate jobs in the near future. The Buncombe County real estate market is just too hot for these properties to stay vacant.

3. Whatever Happens To This Property Fletcher Is An Area To Keep An Eye On

Although 2625 Hendersonville Road has an Arden zip code, its smack dab in Fletcher and that is why I’m impressed. Fletcher is booming, with a new hospital, city hall, grocery store, and infinite possibilities.

  • Fletcher is located on the Buncombe-Henderson county line, meaning there are two sets of development laws that apply — choose the one you like better.
  • Fletcher has access to the airport, Interstate 26, great medical care, and incredible industrial development in Henderson County.
  • Several retirement communities already in place.
  • Compared to Buncombe County, Fletcher is relatively undeveloped with huge possibilities.

So, there’s my tip — use it with wisdom.

 

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