Property summary
This exceptional 22.06-acre commercial land parcel presents a unique investment opportunity. Located in Fletcher, North Carolina, adjacent to 564 Mills Gap Road and behind a Dollar General, this property boasts high visibility and accessibility from both Burney Mountain Road and Mills Gap Road, experiencing approximately 4,187 vehicles per day. Situated just five miles east of Asheville Regional Airport, it benefits from its strategic location within a thriving commercial corridor, including logistics and other commercial properties. The property is also conveniently located near the Village at Windstone, a gated community of high-value single-family homes. Zoned M-1 (Manufacturing District), this versatile land allows for a wide range of uses, including mini-warehouses, storage facilities, retail spaces, banks, professional services, and restaurants. Fletcher's growth trajectory is promising, with a projected 3.79% population increase within a five-mile radius from 2024 to 2029. The area's strong demographics include a population of approximately 48,304 residents and an average household income of approximately $92,794 within a five-mile radius. This property is being offered via an absolute $1 auction with no reserve, taking place November 4-6, 2024. This presents a rare chance to acquire significant acreage in a rapidly developing area with favorable zoning and excellent access. Due diligence documents are available.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Credit Union
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Discount Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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