Rare investment opportunity on 1.47 acres with flexible Open Use zoning! Located at 1589 Cane Creek Road, this unique multi-structure property features approx. 5,925 SF across three distinct buildings, unlocking massive potential for a professional office campus or a mixed-use commercial and residential portfolio. The rear quadplex (built 2020) features four turnkey 1BR/1BA units with modern finishes and individual mini-split systems. Facing the road is a ±1,378 SF front building paired with a standalone, detached flex space-perfect for an office, creative studio, or additional residential rental income. Completing the campus is a vacant ±2,077 SF conditioned metal building (built 2005) ready for adaptive reuse as an event space, wellness facility, community center, or office conversion with paved parking lot and outdoor pavilion. Strategically positioned with excellent access to I-26, Highway 74A, the Asheville Regional Airport, and Hendersonville. City water and high capacity septic on site. Buyer to verify zoning, permitted uses, and septic capacity.
| MLS # | 4434021 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 11 |
| Listing Provided By | Town and Mountain Realty | Luiz Leonetti |
| SQ Feet | 5,925 |
|---|---|
| Units | 7 |
| Zoning | OU |
| Acreage | 1.47 |
| Cooling | Central Air, Ductless |
|---|---|
| Heating | Central, Ductless |
| Appliances | Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Refrigerator, Washer/Dryer |
| Construction Materials | Brick Partial, Vinyl |
|---|---|
| Foundation Details | Crawl Space |
| Lot Features | Level |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 647400 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Fletcher |
| Zip Code | 28732 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28732) | |
Price: $1,285,000 low | high Med: $475,000 sqft: 5,925 low | high Med: 2,351 $ / sqft: $217 low | high Med: $202 On site: 11 low | high Med: 471 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Fletcher |
| Zip Code | 28732 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28732) | |
Price: $1,285,000 low | high Med: $475,000 sqft: 5,925 low | high Med: 2,351 $ / sqft: $217 low | high Med: $202 On site: 11 low | high Med: 471 | |