Property Details
502 Long Shoals Road
Arden
$995,000
MLS Number: 4372104
Status: Active
Description
Rare investor opportunity centered around potential commercial frontage on Long Shoals Road. This nearly 1-acre property offers excellent visibility along a high-traffic corridor, while the existing income-producing home sits privately toward the rear of the lot with separate driveway access from Memory Lane. Currently zoned R2, the property features a 4-bedroom, 3-bath bungalow with strong rental history, mountain views, private deck, lower-level theatre room, second primary suite with separate entry, 1-car garage, and roof replaced in 2014. The home can continue generating income while a buyer explores the long-term value of the Long Shoals Road frontage. City sewer is believed to be very close by near the corner of Memory Lane and Clayton Road, creating potential upside for a buyer willing to pursue sewer connection, subdivision, or possible commercial rezoning, all subject to applicable approvals. The property also benefits from strong sight lines near the Clayton Road intersection and visually reads like a corner lot because the lot at the intersection in front of it is not buildable. Hold the rental home, pursue the frontage opportunity, and unlock the future potential of this highly visible Long Shoals Road parcel. Owner also owns the property next door at 506 Long Shoals, if interested in more frontage potential, please reach out.
Location |
|
|---|---|
| Address | 502 Long Shoals Road Arden |
| Subdivision | None |
| County | Buncombe |
Overview |
|
| Bedrooms | 4 |
| Full Bathrooms | 3 |
| Half Bathrooms | 0 |
| Square Feet | 1956 sqft |
| Lot Size | 0.95 acres |
| Year Built | 1966 |
General |
|
| List Price | $995,000 |
| MLS Number | 4372104 |
| Status | Active |
| Office | Walnut Cove Realty/Allen Tate/Beverly-Hanks |
Schools |
|
| Elementary | Avery's Creek/K |
| Middle | Valley Springs |
| High | T.C. Roberson |
Features |
|
| Type | Single Family Residence |
| Parking | Driveway, Attached Garage |
| Water/Sewer | City |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 07/01/26 4:34 pm EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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