0 Us Hwy 276/Asheville Hwy & Us Hwy 64/Hendersonville Hwy, Pisgah Forest, NC 28768
This exceptional 530.75-acre development site, known as Davidson River Village, is strategically located in Pisgah Forest, North Carolina, at the intersection of US Hwy 276/Asheville Hwy and US Hwy 64/Hendersonville Hwy (zip code 28768). Situated within Brevard's Special Zoning District, this property presents a unique opportunity for large-scale development. The permitted zoning allows for up to 1,250,000 square feet of commercial development and up to 1,000 residential dwelling units. This prime location benefits from increased infrastructure, existing entitlements, and significant population growth within one of Transylvania County's fastest-growing submarkets. The property consists of multiple parcels with APNs: 8596-77-7562-000, 8596-89-6077-000, 8597-31-8577-000, 8597-32-8849-000, 8597-33-1166-000, 8597-42-2419-000, 8597-42-7854-000, 8597-51-0988-000, 8597-51-5302-000, 8597-52-6973-000, and 8597-53-8878-000. The asking price for this expansive land parcel is $15,000,000. This represents a trophy development opportunity for investors seeking to capitalize on the thriving growth in Transylvania County. The property's location and zoning provide a compelling combination for a successful mixed-use development project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.