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$2,200,000 Just Listed
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Property Description
Rare 2.29-acre riverfront redevelopment opportunity in Asheville's River Arts District, positioned along Riverside Drive with direct French Broad River frontage and greenway adjacency. This highly visible site offers a unique combination of location, access, scale, and future-use flexibility in one of Asheville's most recognized creative and commercial corridors. Formerly home to the White Duck Taco Shop River Arts location, the property includes a structure with a current permit in place for restaurant rebuild, creating a meaningful head start for the next chapter of use or redevelopment. Commercial zoning allows for a wide range of possibilities and supports the site's highest and best use potential. The setting lends itself naturally to hospitality, restaurant, event, outdoor recreation, mixed-use, retail, office, residential-over-commercial, or other creative development concepts. With the French Broad River, greenway, Riverside Drive exposure, and nearby River Arts District amenities all converging here, the property is well positioned for a project that serves both locals and visitors. This is a site where Asheville moves - by foot, bike, paddle, and car - and where thoughtful redevelopment can become part of the continued momentum of the River Arts District. The surrounding area has shown remarkable resilience and renewal, with public and private investment, rebuilding activity, and renewed interest in the river corridor already underway. Buyers seeking a strategic riverfront acquisition in Asheville will recognize the rarity of this offering; minutes to downtown Asheville, the RAD, breweries, galleries, dining, lodging, and outdoor recreation.
Full Property Details
Full Property Details for 388 Riverside Dr
General
- Price: $2,200,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4396739
- Updated: Today (7/6/2026)
- Added to Site: Today
Location
- County: Buncombe
- Driving Directions: 370, 388 and 420 Riverside Drive Asheville, NC. GPS is accurate.
- City Limits: Yes
Structural Information
- # Buildings: 1
- Construction: Site Built
- Min Required: 1,904 Sq. Ft.
- Minimum Avail: 1,904 Sq. Ft.
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Cleared, Flood Plain/Bottom Land, Level, River Front
- Rcmdd Zoning: RAD-RIV
Disclosures and Reports
- Inclusions: Building
- Property ID: 9638-89-2921-00000
- Lot Number: 5592/110
Listed by Ivester Jackson Blackstream
Get Pre-Approved Today
Schools
Schools serving 388 Riverside Dr
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 1.1 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 1.4 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 1.5 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.6 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.6 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.6 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 2 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 388 Riverside Dr
Date
Details
Price
Change
Source
7/06/2026
Listed
$2,200,000
—
MLS
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
Tax History for 388 Riverside Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,963
10%
$451,800
3%
2024
$4,517
3%
$437,200
—
2023
$4,403
1%
$437,200
—
2022
$4,360
—
$437,200
—
2021
$4,360
21%
$437,200
31%
2020
$3,602
—
$334,200
14%
2019
$3,602
14%
$293,700
—
2018
$3,166
—
$293,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 388 Riverside Dr
388 Riverside Drive, Asheville, NC 28801 (MLS# 4396739) is a Commercial property. 388 Riverside Drive is currently listed for $2,200,000 and was received on July 06, 2026. Want to learn more about 388 Riverside Drive? 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.

