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Property profile

0 Morgan Dr Penrose, NC 28766

OFF-MARKET
Land
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2.3 ac lot

Property summary

AI-generated overview

This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in Penrose, North Carolina. Boasting breathtaking long-range views of the Blue Ridge Parkway, this property offers unparalleled natural beauty and a tranquil setting. Situated adjacent to the renowned DuPont State Recreational Forest, it provides easy access to outdoor recreation while maintaining a secluded atmosphere. The location within a relaxed mountain community ensures a peaceful environment, yet benefits from convenient access to the nearby towns of Brevard and Hendersonville. The lot's topography allows for strategic building placement to maximize the stunning easterly views. This is an ideal site for a variety of commercial ventures, capitalizing on the area's growing tourism and outdoor recreation industries. The asking price is $99,000. The property is located on Morgan Drive, Penrose, NC 28766, in Transylvania County. Detailed site surveys and environmental reports are available upon request. This is a rare opportunity to acquire a substantial commercial lot with exceptional views and convenient access in a highly desirable location. Don't miss this chance to build your business in the heart of the Blue Ridge Mountains.

Property profile

Verified
Property type Land
Lot 2.3 ac (100,188 SF)

Cap rate & NOI

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

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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