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    OFF-MARKET
    Commercial real estate

    1380 Cedar Creek Rd, Lake Lure, NC 28746

    12.3 ac lot
    Property ID
    US53-2846421
    Property summary
    AI-generated overview

    This exceptional 12.28-acre commercial land parcel presents a unique investment opportunity in the desirable Lake Lure, North Carolina area. Located at 1380 Cedar Creek Road in Rutherford County, this unrestricted property boasts stunning long-range mountain views and significant creek frontage. The expansive lot offers considerable privacy and is ideally suited for a variety of commercial ventures, subject to local zoning regulations. Its convenient location provides easy access to nearby towns such as Old Fort and Black Mountain, with Asheville also within a reasonable driving distance. The asking price for this remarkable property is $125,000. This represents a compelling opportunity to acquire a substantial land holding in a picturesque and rapidly developing region of Western North Carolina. The property's size and natural beauty make it an attractive prospect for developers and investors seeking a prime location for commercial development. Detailed surveys and environmental assessments are recommended to fully understand the property's potential and to comply with all applicable regulations. The zip code is 28746. The latitude and longitude coordinates are 35.504652 and -82.14704 respectively.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 12.3 ac (535,788 SF)
    UPID US53-2846421
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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