Property summary
This exceptional 1.77-acre commercial land parcel presents a unique investment opportunity. Located adjacent to a Dollar General store on Rosman Highway in Sapphire, North Carolina, this property boasts approximately 4,798 vehicles per day passing by. The area shows significant growth, with a 27.34% population increase within a 10-mile radius from 2020 to 2024. Sapphire, home to Whitewater Falls, the highest waterfall east of the Rockies, is a thriving tourist destination known for second homes, vacation properties, and luxury residential developments. The property benefits from strong demographics, with a 5-mile average household income of approximately $104,262 and a 10-mile population of approximately 12,181 individuals, boasting an average household income of approximately $88,523. Situated in unincorporated Transylvania County, the flexible zoning allows for a variety of commercial uses. This is an absolute $1 auction with no reserve, taking place November 4-6, 2024. The property's prime location and strong market fundamentals make it an attractive investment for developers and entrepreneurs seeking a foothold in this rapidly growing area. The land is fee simple ownership. The address is adjacent to 19437 Rosman Hwy, Sapphire, NC 28774.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
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Bank Credit Union
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Postal Service Courier Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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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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