0 Morgan Dr, Penrose, NC 28766
Exceptional 11.63-acre commercial land parcel in Penrose, North Carolina, presents a unique investment opportunity. Boasting breathtaking, high-elevation panoramic views of both Pisgah National Forest to the north and DuPont State Recreational Forest to the south, this property is aptly named "Spirit of the Mountains." Several potential building sites exist, with one particularly advantageous location near the driveway offering incredible long-range views and convenient access. The land is easily accessible via a paved road leading to the exclusive "Spirit of the Mountains" enclave. This prime location offers unparalleled proximity to the charming towns of Brevard, Flat Rock, and Hendersonville, providing easy access to amenities and services. The property's setting between two expansive national forests provides endless recreational opportunities, including hiking, mountain biking, and exploring numerous waterfalls. This remarkable property represents the pinnacle of Western North Carolina living, offering a rare combination of natural beauty, accessibility, and commercial potential. Asking price is $349,000. The property is located at Morgan Dr, Penrose, NC 28766, in Transylvania County.
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
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Property description
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No recorded transactions found for this property.
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