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    Land

    0 Us Hwy 276/Asheville Hwy & Us Hwy 64/Hendersonville Hwy, Pisgah Forest, NC 28768

    530.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 530.75 ac (23,119,470 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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