Property profile

89 Rufus Robinson Rd Sylva, NC 28779

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 10.8-acre commercial land parcel presents a unique investment opportunity in Sylva, North Carolina, a rapidly growing area of Western North Carolina. Situated on the heavily trafficked US 441 corridor, this property enjoys prime visibility and accessibility, benefiting from its proximity to Harrah's Cherokee Casino and the Great Smoky Mountains National Park. The land is partially zoned Dillsboro C2, allowing for a range of mixed-use development possibilities. A significant portion of the site is already graded to a relatively flat surface, minimizing site preparation costs. Essential utilities are readily available, including water, sewer, three-phase power, and natural gas, streamlining the development process. The property consists of portions of parcels 7632-11-2037 and 7632-10-7669, and while there are some deed restrictions, the lot offers flexibility with the potential for subdivision or expansion. This strategic location, coupled with the existing infrastructure and zoning, makes this a highly attractive investment for developers seeking a prime location in a thriving market. The asking price for this exceptional property is $2,699,000.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

89 Rufus Robinson Rd Sylva, NC 28779
Sylva metro
Google Maps

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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