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    OFF-MARKET
    Land

    00 Upward Rd, Hendersonville, NC 28726

    1.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.55 ac (67,518 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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