0 Bessie Luther Blvd, Candler, NC 28715
This exceptional 13+ acre parcel in Buncombe County, NC, presents a prime opportunity for residential development. Located near the Smokey Park Highway and Bessie Luther Blvd, in Candler, NC (zip code 28715), this property boasts stunning mountain views and mature oak trees. The land is part of the approved Liberty Oaks Master Plan, significantly reducing development time and costs. Phase 2 is ready for development and includes 50 residential lots, comprising 36 standard lots (approximately 6,000 sq ft each) and 14 patio lots. Minor modifications to the approved lot layout are permissible. Higher elevation lots offer expansive rim views. Existing infrastructure includes water service from the City of Asheville, sewer from the Metropolitan Sewerage District (MSD), power from Duke Energy, gas from Dominion Gas, and internet/communications via AT&T. The property is zoned residential and is owned by Liberty Oaks Fund I, LP. Phase 1A is complete, with townhomes reselling in the $300,000s, and Phase 1B (24 townhome lots) is under contract. Extensive marketing materials, including a website, Facebook page, YouTube videos, drone footage, community brochure, and photography, are available and can be adapted for a new developer. Asking price is $2,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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