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502 Long Shoals Road, Arden, NC 28704 ACTIVE 1 of 31 502 Long Shoals Road, Arden, NC 28704 — photo 2 502 Long Shoals Road, Arden, NC 28704 — photo 3 502 Long Shoals Road, Arden, NC 28704 — photo 4 502 Long Shoals Road, Arden, NC 28704 — photo 5
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$995,000 Est. $6,856/mo — Get pre-qualified
4beds 3baths 1,956sq ft 0.95acres

502 Long Shoals Road · Arden, NC 28704

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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.

Features & Amenities

Living Area1,956 Sq.Ft.
Bedrooms4
Baths3
HeatingHeat Pump
CoolingAttic Fan
FireplaceNo
AppliancesConvection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave
LaundryElectric Dryer Hookup
Year Built1966
ConstructionBlock, Hardboard Siding, Stone Veneer
FoundationBasement
ParkingDriveway, Attached Garage
StatusActive
Lot Size0.95 Acres
CountyBUNCOMBE
Property TypeResidential
Property SubTypeSingle Family Residence
Last UpdatedOct 9, 2026
SewerPrivate Sewer
Water SourceCity
HOANo
ElementaryAvery's Creek/Koontz Elementary School
MiddleValley Springs Middle School
HighT.C. Roberson High School
Presented By: Walnut Cove Realty/Allen Tate/Beverly-Hanks; david.bailey@allentate.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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