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.
Single-familyProperty Type
1966Year Built
0.95 acresLot Size
$509Price/Sq.Ft.
1 car garageParking
Listed by Matt Payne• Walnut Cove Realty/Allen Tate/Beverly-Hanks
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Arden, NC • 28704
Average low and high temperatures (°F)
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40
51
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Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 10% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 502 Long Shoals Rd
$947,326
$48K under list price of $995K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $1.1M.