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Upward Rd - 00 Upward Road

1.55 Acres of Commercial Land Offered at $240,000 in East Flat Rock, NC 28726

Investment Highlights

  • Price below tax value, motivated seller, bring all offers

Executive Summary

Investment opportunity on the rapidly developing southern gateway to Hendersonville. Priced for a quick sale this high traffic parcel near the intersection of Spartanburg Hwy has an AADT of 16000, city water, and sewer available (with easement from neighboring lot and anexation). The creek provides a great opportunity for meeting the citys greenspace requirements for multifamily development. See proposed site plan for 12 unit apartment complex. This property is a court ordered private sale and will be subject to a 10 day upset bid period. Bring All Offers Permitted Uses Include Hotel, Gas Station, Car Wash, RV Park Hospital, Medical Office, Urgent Care Daycare, Assisted Living/Nursing Home, Retail less than 100,000 SQFT, Office Bring All Offers

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per AC
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts Under Contract

Price $240,000
Sale Type Owner User
Sale Conditions Distress Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • General Freestanding
  • Hold For Development
  • Hold For Investment
Total Lot Size 1.55 AC
Cross Streets Spartanburg Hwy

1 Lot Available

Lot

Price $240,000
Price Per AC $154,839
Lot Size 1.55 AC

Description

Investment opportunity on the rapidly developing southern gateway to Hendersonville. Priced for a quick sale this high traffic parcel near the intersection of Spartanburg Hwy has an AADT of 16000, city water, and sewer available (with easement from neighboring lot and anexation).This property is a court ordered private sale and will be subject to a 10 day upset bid period. Bring All Offers

zoning

Zoning Code CC (https://www.hendersoncountync.gov/code-document/42-61-table-permitted-and-special-uses)
CC (https://www.hendersoncountync.gov/code-document/42-61-table-permitted-and-special-uses)
  • Listing ID: 31753522

  • Date on Market: 5/9/2024

  • Last Updated:

  • Address: Upward Rd, East Flat Rock, NC 28726

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