1475 Crossroads Pkwy, Mars Hill, NC 28754
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.
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
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.