00 Upward Rd, Hendersonville, NC 28726
This 1.55-acre commercial land parcel in Hendersonville, North Carolina, presents a compelling investment opportunity. Located on Upward Rd near the intersection of Spartanburg Hwy, this high-traffic area boasts an AADT of 16,000 vehicles. The property is zoned CC and offers city water and sewer availability, facilitated by an easement from an adjacent lot and annexation. A nearby creek presents a potential advantage for meeting city greenspace requirements, particularly for multifamily developments. A proposed site plan for a 12-unit apartment complex is available for review. Priced below tax value at $240,000, this distressed sale is offered under court order and will be subject to a 10-day upset bid period. All offers are encouraged. Permitted uses are diverse and include, but are not limited to: hotel, gas station, car wash, RV park, hospital, medical office, urgent care, daycare, assisted living/nursing home, and retail. The property is held in estate ownership. This is a rare chance to acquire a strategically located parcel in a rapidly growing area of Hendersonville. Act quickly to capitalize on this exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.