Property profile

5351 Jonathan Crk Rd Waynesville, NC 28785

OFF-MARKET
Retail space
Property ID
US53-2137921
864 SF 29.38 ac lot Built 1990
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 29.38-acre commercial land parcel presents a unique investment opportunity in Waynesville, NC. Strategically located off Exit 20 of I-40 and Jonathan Creek Road (Highway 276) in northern Haywood County, this site boasts unparalleled visibility and accessibility. The property is highlighted as the last available interchange site connecting North Carolina to the Tennessee border, offering unmatched potential for significant development. A conceptual plan, available upon request, outlines potential uses including hospitality, food service, and travel center options, allowing for flexibility in development strategies. The site's location is further enhanced by its proximity to public utilities, with a planned NCDOT roundabout in the vicinity. The surrounding area is experiencing significant growth, with a new DR Horton residential community and numerous RV parks and campgrounds recently established. This pristine, undeveloped land offers a blank canvas for a wide range of commercial ventures, capitalizing on the area's scenic beauty and burgeoning tourism industry. The property's size and location make it ideal for a large-scale development or a series of smaller projects. This is a rare opportunity to acquire a substantial tract of land in a high-growth area with excellent access to major transportation routes. The property is currently used for cattle grazing, showcasing its wide-open spaces and pastoral setting. This is a truly remarkable opportunity for developers seeking a prime location with significant upside potential. The asking price is $4,800,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Total area 864 SF
Lot 29.38 ac (1,279,967 SF)
APN 8609-86-3722
UPID US53-2137921

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5351 Jonathan Crk Rd Waynesville, NC 28785
Waynesville metro Census 920101 ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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