Property profile

US-23 Alt Mars Hill, NC 28754

OFF-MARKET
Land
18.41 ac lot
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Property summary

AI-generated overview

This exceptional 18.41-acre commercial land parcel in Mars Hill, NC, presents a unique investment opportunity. Strategically located along US Highway 23 and less than a mile from Interstate 26, this property boasts unparalleled visibility and accessibility. Zoned R-A, it's ideally suited for a variety of commercial ventures, including retail, restaurants, hotels, or tourism-related businesses. Multiple cleared and leveled sites are ready for immediate development. The property's proximity to major transportation routes ensures convenient access to Mars Hill, Weaverville, and Asheville (under 30 minutes away). Its location at the last North Carolina exit before the Tennessee border and the first after entering from Tennessee offers significant potential for businesses targeting interstate travelers. Nearby attractions such as a ski resort, snow tubing parks, vacation rentals, and campgrounds further enhance its appeal. APN: 9840-84-5918. Asking price: $500,000.

Property profile

Verified
Property type Land
Lot 18.41 ac (801,940 SF)

Cap rate & NOI

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

Location

US-23 Alt Mars Hill, NC 28754
Mars Hill metro
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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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