564 Mills Gap Rd, Fletcher, NC 28732
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.
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Western Union Bank Credit Union
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Dollar General Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.