701 Old Fanning Bridge Road

Investment Overview

Exceptional opportunity to acquire a premier 23,540 SF commercial destination property situated on 16.67 acres in the heart of the Asheville–Hendersonville growth corridor. Constructed in 2020, the property features modern improvements, abundant parking, and expansive outdoor space, offering flexibility for recreational, hospitality, event, institutional, or adaptive commercial uses. Ideally located minutes from Interstate 26 and Asheville Regional Airport, this one-of-a-kind asset combines exceptional accessibility, quality construction, and significant long-term redevelopment potential in one of Western North Carolina's fastest-growing markets.

Investment Highlights

• Premier 23,540 SF Destination Facility on 16.67 Acres – Purpose-built in 2020, this exceptional property features a modern two-story facility situated on over 16 acres with significant room for outdoor recreation, expansion, and complementary uses.
• Strategic Location in One of Western North Carolina's Fastest-Growing Corridors – Positioned minutes from Interstate 26, Asheville Regional Airport, Asheville, and Hendersonville, the property benefits from excellent regional accessibility and strong demographic growth.
• High-Quality Improvements with Outstanding Functional Design – Constructed in 2020 and rated in excellent condition, the facility offers approximately 23,540 square feet with a remaining economic life of 36 years, making it well-suited for owner-users, recreational operators, institutional users, or adaptive commercial redevelopment.
• Located Within a Thriving Commercial & Industrial Growth Market – The surrounding Fletcher submarket continues to experience strong industrial, commercial, and residential growth, supported by major employers, expanding population, increasing household incomes, and proximity to regional employment centers.
• Institutional-Quality Asset with Significant Value – CBRE concluded an "As Is" market value of $7.8 million, reflecting the property's unique improvements, strategic location, and long-term investment potential.