229 Honey Bear Campground Rd, Boone, NC 28607
This exceptional 26-acre parcel presents a remarkable opportunity for residential development in Boone, North Carolina. Conveniently situated off Highway 105, this mostly flat land boasts easy access via Poplar Grove Road and Diamond Ranch Road. Its proximity to Appalachian State University, just 2.5 miles away, makes it an ideal location for student housing or a residential community catering to the university's vibrant population. The property features existing septic and well infrastructure, simplifying the development process. The asking price is $3,250,000, translating to $125,000 per acre. The property's APN is 2900-00-6945-000, and the address is 229 Honey Bear Campground Rd, Boone, NC 28607. This is a rare chance to acquire a significant tract of land in a highly desirable area with strong potential for substantial returns. The property's location and features make it an attractive investment for developers seeking to capitalize on the growing demand for housing near Appalachian State University. The relatively flat topography further enhances its development potential, minimizing site preparation costs.
-
Honey Bear Campground Campground & RV Park
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.