$995,000
 $5,190 est/mo Sourced by Back At You

502 Long Shoals Road,Arden, NC 28704

Arden, NC 28704

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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.

Details

MLS #4372104
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1966
Days On Site124
Listing Provided ByWalnut Cove Realty/Allen Tate/Beverly-Hanks | Matt Payne

Features

Bed(s)4
Bath(s) 3 Total
SQ Feet1,956
Garage1
BasementY
Story(s)2
Acreage0.95
Water FrontYes

Interior

CoolingAttic Fan
HeatingHeat Pump
AppliancesConvection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave

Exterior

Construction MaterialsBlock, Hardboard Siding, Stone Veneer
Foundation DetailsBasement

Parking

Garage Yes / NoYes
Parking FeaturesDriveway, Attached Garage

Other

List AorLand of The Sky Association of Realtors

Taxes

Property263100

Area Information

StateNC
CountyBuncombe
CityArden
Zip Code28704
AreaBuncombe
School DistrictT.C. Roberson
Elementary SchoolAvery's Creek/Koontz
High SchoolT.C. Roberson
Listing VS Median (in 28704)
Price:
$995,000
low | high
Med:
$655,000
84.170854271357% of Average
sqft:
1,956
low | high
Med:
2,426
25.971370143149% of Average
$ / sqft:
$509
low | high
Med:
$270
96.924233699412% of Average
On site:
124
low | high
Med:
156
79.487179487179% of Average
Sourced by Back At You

Market Activity 28704

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 22, 2026 at 12:22:03 PM PDT 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. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyBuncombe
CityArden
Zip Code28704
AreaBuncombe
School DistrictT.C. Roberson
Elementary SchoolAvery's Creek/Koontz
High SchoolT.C. Roberson
Listing VS Median (in 28704)
Price:
$995,000
low | high
Med:
$655,000
84.170854271357% of Average
sqft:
1,956
low | high
Med:
2,426
25.971370143149% of Average
$ / sqft:
$509
low | high
Med:
$270
96.924233699412% of Average
On site:
124
low | high
Med:
156
79.487179487179% of Average
Sourced by Back At You
Listing Updated: August 7, 2026 at 2:00:22 PM PDT