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    OFF-MARKET
    Land

    0 Holbrook Rd, Candler, NC 28806

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    AI-generated overview

    This exceptional 24.5-acre parcel (to be surveyed) in Buncombe County, NC, presents a compelling investment opportunity. Located on Holbrook Road in Candler, near the new Mission Hospital site and convenient to I-40 and Patton Avenue, this R-2 zoned property boasts breathtaking long-range mountain views and a picturesque creek. The land offers excellent development potential, with estimates suggesting it could support over 200 units. While a portion lies within a floodplain, the majority of the acreage provides ample buildable space. The property shares a boundary with the new Mission Hospital campus, placing it in close proximity to Asheville's vibrant downtown area. Additional acreage may be available through the inclusion of neighboring parcels, totaling up to 36 acres. Access is available via Holbrook Road, with potential access from Crowell Road. The asking price is $3,800,000, translating to approximately $297,117 per acre. The property's APN is a portion of 9618-70-8830-00000. This is a rare chance to acquire a significant land holding in a rapidly growing area with exceptional views and convenient access to major roadways and amenities.

    Property profile
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    Property type Land
    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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    Allowed · conditional · prohibited
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