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    OFF-MARKET
    Land

    0 Morgan Dr, Penrose, NC 28766

    2.3 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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