Property profile

1475 Crossroads Pkwy Mars Hill, NC 28754

OFF-MARKET
Land
15.65 ac lot
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Property summary

AI-generated overview

This exceptional 15.65-acre tract in Mars Hill, North Carolina, presents a remarkable commercial and residential development opportunity. Strategically located just off I-26, Exit 9, this property boasts excellent visibility and accessibility. The land features rolling topography and a ridgeline, allowing for efficient earthwork and the creation of a highly visible commercial or mixed-use project. Its proximity to downtown Mars Hill and Mars Hill University adds significant value. The property benefits from frontage on the new Crossroads Parkway extension, which includes a gravity sewer line. Two potential access points exist via Crossroads Parkway Extension and Calvin Edney Road. The property consists of two parcels (APN: 9757-22-2253 and 9757-22-715) and is zoned R-A. While a small portion lies within a flood plain, the majority of the land offers prime development potential. Note that an existing home on the site has not been assigned a value in the asking price of $3,674,000. This is a unique chance to acquire a substantial land holding with significant upside in a desirable location.

Property profile

Verified
Property type Land
Lot 15.65 ac (681,714 SF)

Cap rate & NOI

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

Location

1475 Crossroads Pkwy Mars Hill, NC 28754
Mars Hill 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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