Property profile

420 Hwy 19E Byp Burnsville, NC 28714

OFF-MARKET
Land
1.4 ac lot
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial land parcel, located at 420 E US Hwy 19E Bypass in Burnsville, NC (APN: 082015630840), presents a remarkable development opportunity. Zoned C-2, this property boasts 150 feet of highway frontage on US Hwy 19E, providing excellent visibility and accessibility. Its strategic location adjacent to Ingles Markets ensures high traffic volume. The lot features three existing curb cuts and a dominant easement to Pensacola Road, offering convenient access and a significant advantage for potential developments. Considerable growth in Burnsville makes this a highly attractive location for businesses. The property is conveniently situated just 40 minutes from Asheville and 20 minutes from Spruce Pine. A triple net ground lease option is also available at $1.10/sf/yr. The asking price is $1,400,000, translating to approximately $22.96 per square foot. A final survey will be completed before closing. This property is ideal for a variety of commercial uses, including retail complexes, hotels, multi-family units, office buildings, or medical centers. Don't miss this chance to capitalize on this prime commercial real estate in a thriving North Carolina community.

Property profile

Verified
Property type Land
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

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

Location

420 Hwy 19E Byp Burnsville, NC 28714
Burnsville 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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