Property profile

280 S Broad St Brevard, NC 28712

OFF-MARKET
Residential land & home lots
Property ID
US53-Q017412
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Property summary

AI-generated overview

Prime In-Town Development Opportunity – Fully Entitled 32-Unit Townhome Project (Delivered at Closing) 280 S Broad Street, Brevard, NC 28712 Total Assemblage: ±1.42 Acres (3 Parcels) This ±1.42-acre, three-parcel assemblage represents one of the most strategically located development opportunities in Brevard. The seller currently owns two parcels (±1.05 acres) and is under contract to acquire the third parcel (±0.37 acres), with all three to convey together. At closing, the site can be delivered fully entitled for a 32-unit townhome community, giving a buyer a ready-to-execute project in a market with proven demand and limited supply. Positioned just three blocks from Main Street, the property benefits from DMX zoning, which allows a wide range of uses, including residential, mixed-use, multifamily, medical, office, hospitality, and commercial. The assemblage offers city utilities, level topography, and frontage along US-64, providing excellent access and visibility. Walkability to restaurants, retail, Brevard College, the future Ecusta Trail, and Transylvania Regional Hospital strengthens its desirability for both residential and commercial development. Two pricing models are available: $130, 000 per entitled lot (32 total) or $175, 000 per finished, build-ready pad. A rare opportunity to acquire a fully entitled, downtown-adjacent development site in one of Western North Carolina’s most supply-constrained and high-demand markets. Also listed as land MLS # 4327322. Reach out to Agent for the full pitch deck

Property profile

Verified
Property type Residential land & home lots
UPID US53-Q017412

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 S Broad St Brevard, NC 28712
Brevard metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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