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$995,000
4 bd
3 ba
1,226 sqft
502 Long Shoals Road
Arden, NC 28704
17 days on market
Property Type
Residential
Year Built
1966
Lot Size
—
Garage
1 spaces
About This Property
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.
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.
Property Details
Interior
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,226 sqft
Exterior & Lot
- Year Built
- 1966
- Garage Spaces
- 1
Location
- Subdivision
- None
- County
- Buncombe
- ZIP Code
- 28704
Financial
Utilities
- Sewer
- Private Sewer
Schools
- Elementary
- Avery's Creek/Koontz
- Middle School
- Valley Springs
- High School
- T.C. Roberson
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave
Location
Listing Information
- MLS #
- CAR4372104
- Listing Agent
- Matt Payne
- Listing Office
- Walnut Cove Realty/Allen Tate/Beverly-Hanks
- Listed Date
- Apr 20, 2026
Contact Susan Young About This Property
Interested in 502 Long Shoals Road? Send us a message and we'll get back to you.
