Property summary
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
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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