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$2,600,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
  • 10.9 Acres
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City of Asheville approval complete for a 153 unit apartment complex. Opportunity Zone. 10.9 acre +/- high profile parcel at the end of Tunnel Road in the River Hills Shopping Center next to several national retail brands including Dollar Tree, Target, Michaels, Movie Theaters, and Dick's. . Commercial Industrial zoning allows for many uses including retail, hospitality, multi-family, industrial, or mixed use. Site has great visibility from both directions of I-240 with 52,000 VPD. Recently assembled to frontage along River Hills Road to give access to upper part of the acreage via 400 feet +/- of road frontage. Completed due diligence items available include: Army Corp wetlands delineation, phase 1, Alta survey, project plans, traffic report, and Geotech.

Full Property Details for 110 River Hills Rd

General

  • Price: $2,600,000
  • Status: Pending
  • Type: Commercial
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 3697386
  • Updated: 1/26/2026
  • Added to Site: 1, 865 day(s) ago

Location

  • County: Buncombe
  • Cross Streets: Wood Avenue
  • Driving Directions: River Hills Road Towards Target. On the left across from Dollar Tree.
  • City Limits: Yes

Heating & Cooling

  • Heating Type: None

Structural Information

  • Exterior Const.: N/A

Lot Features

  • Lot Size (Acres): 10.9
  • Street/Road Desc.: Paved
  • Elevation (Approx.): 2000

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Restrictions: Other - See Remarks
  • Inclusions: Land
  • Property ID: 965842023900000
  • Lot Number: 5966-0992

Listed by Dewey Property Advisors

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Listing agent

— 110 River Hills Rd —

  • Dewey Property Advisors

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 110 River Hills Rd

School District:Buncombe County Schools
NameGradesDistance
Oakley Elementary
753 Fairview Road, Asheville, NC 28803
PK-50.8 mi
A C Reynolds High
One Rocket Drive, Asheville, NC 28803
9-123 mi
A C Reynolds Middle
2 Rocket Drive, Asheville, NC 28803
6-83.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 110 River Hills Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2023
Price Increased
$2,600,000
23.81%
MLS
3/25/2021
Price Increased
$2,100,000
16.67%
MLS
1/11/2021
Listed
$1,800,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 110 River Hills Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,571
10%
$563,600
—
2023
$5,078
1%
$563,600
—
2022
$5,022
7%
$563,600
7%
2021
$4,708
—
$528,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Dewey Property Advisors

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110 River Hills Road, Asheville, NC 28805 (MLS# 3697386) is a Commercial property. 110 River Hills Road is currently listed for $2,600,000 and was received on January 11, 2021. Want to learn more about 110 River Hills Road? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

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