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280 S Broad St - Development Opportunity 1.42 Acres of Commercial Land Offered at $5,807,027 CAD in Brevard, NC 28712
INVESTMENT HIGHLIGHTS
- Three-parcel assemblage totaling ±1.42 acres
- Mixed-Use/DMX zoning supporting multiple development paths
- Existing ±4,000 SF flex/retail building provides optional value
- Entitlements for 32 modern townhomes delivered at closing
- City utilities; level topography
- Walkable to downtown Brevard
EXECUTIVE SUMMARY
280 S Broad Street, Brevard, NC 28712
Total Assemblage: ±1.42 Acres (3 Parcels)
This ±1.42-acre, three-parcel assemblage represents one of the most strategically located development opportunities in Brevard. The seller currently owns two parcels (±1.05 acres) and is under contract to acquire the third parcel (±0.37 acres), with all three to convey together. At closing, the site can be delivered fully entitled for a 32-unit townhome community, giving a buyer a ready-to-execute project in a market with proven demand and limited supply.
Positioned just three blocks from Main Street, the property benefits from DMX zoning, which allows a wide range of uses including residential, mixed-use, multifamily, medical, office, hospitality, and commercial. The assemblage offers city utilities, level topography, and frontage along US-64, providing excellent access and visibility. Walkability to restaurants, retail, Brevard College, the future Ecusta Trail, and Transylvania Regional Hospital strengthens its desirability for both residential and commercial development.
Two pricing models are available: $130,000 per entitled lot (32 total) or $175,000 per finished, build-ready pad. A rare opportunity to acquire a fully entitled, downtown-adjacent development site in one of Western North Carolina’s most supply-constrained and high-demand markets.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,807,027 CAD | Lot Size | 1.42 AC |
| Price Per AC | $4,089,455.89 CAD |
| Price | $5,807,027 CAD |
| Price Per AC | $4,089,455.89 CAD |
| Lot Size | 1.42 AC |
Prime In-Town Development Opportunity – Fully Entitled 32-Unit Townhome Project (Delivered at Closing) Total Assemblage: ±1.42 Acres (3 Parcels)
DESCRIPTION
This three-parcel assemblage totaling ±1.42 acres sits at one of the most visible and walkable locations in Brevard’s south-of-downtown corridor. The seller owns two parcels totaling ±1.05 acres and is under contract to acquire an additional ±0.37-acre parcel, with all three parcels to convey together. The combined site is structured to be delivered fully entitled for a 32-unit townhome development at closing. While the entitlement plan is based on 32 townhome lots, the DMX zoning also supports alternative development layouts, including mixed-use, multifamily, medical, or commercial configurations. Located just three blocks from downtown Brevard, the property offers one of the last remaining opportunities to control a sizable mixed-use development footprint within walking distance of Main Street. DMX zoning provides significant flexibility, permitting residential, retail, office, hospitality, and medical uses. City water, sewer, and gas are available, and the topography is predominantly level, creating favorable site conditions for development. The assemblage also includes an existing ±4,000 SF metal building, which can be repurposed for commercial or flex use or removed to maximize the project layout. Frontage along US-64 delivers strong exposure and ease of access, with walkability to restaurants, shops, galleries, Brevard College, the future Ecusta Trail, and Transylvania Regional Hospital. The strength of Brevard’s residential market is evidenced by the nearby Jordan Street townhomes, which achieved $423–$533 per square foot—showing robust demand for modern, low-maintenance housing in walkable locations. Pricing Models Option 1 – Entitled Lots: • $130,000 per entitled lot (32 total) • Purchase Price: $4,160,000 • Delivered fully entitled at closing Option 2 – Finished Pads: • $175,000 per finished pad with infrastructure installed • Purchase Price: $5,600,000 • Delivered build-ready for vertical construction A rare opportunity to secure a fully entitled, well-located, mixed-use development site in one of Western North Carolina’s most desirable, supply-constrained markets.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $406,980 CAD | |
| Land Assessment | $921,307 CAD | Total Assessment | $1,328,288 CAD |
PROPERTY TAXES
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280 S Broad St - Development Opportunity
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