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    OFF-MARKET
    Land

    564 Mills Gap Rd, Fletcher, NC 28732

    22.06 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 22.06 ac (960,934 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
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • Dollar General Discount Store
    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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