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Executive Summary

717 Bat Cave Road | Old Fort, North Carolina
Mixed-Use Development & Investment Opportunity
717 Bat Cave Road presents a rare investment and development opportunity in the rapidly growing community of Old Fort. Encompassing approximately 14 acres, this strategically positioned property offers a compelling blend of immediate income potential and long-term development upside.
The front portion of the property along Bat Cave Road features level topography—ideal for commercial development—with exceptional visibility near Interstate 40. The site benefits from strong traffic exposure and proximity to established national retailers including Taco Bell, McDonald's, and Dollar General, as well as fuel stations and other service-oriented businesses. Its location near the I-40 interchange positions the property for high-visibility retail, hospitality, or service commercial uses.
The rear acreage offers scenic mountain views and excellent potential for residential development. Two existing homes on the property are currently leased, providing immediate rental income. These structures may be maintained as income-producing assets, repositioned, or incorporated into a broader development plan.
Old Fort is experiencing meaningful growth and revitalization driven by:
Increased tourism and outdoor recreation activity along the Catawba River and Pisgah National Forest
Expansion of mountain biking and trail systems attracting regional and national visitors
Downtown revitalization initiatives and infrastructure improvements
Continued residential migration to Western North Carolina
Strategic access to I-40, providing connectivity between Asheville, Marion, and the greater Western NC region
With expanding commercial activity, residential demand, and tourism-driven economic growth, Old Fort is emerging as a prime location for forward-thinking investors and developers.


Investment Highlights
±14 acres with mixed-use potential
Level commercial frontage along Bat Cave Road
Interstate 40 visibility and access
Adjacent to national retailers
Existing rental income from two homes
Residential development opportunity on rear acreage
Located in a high-growth Western North Carolina corridor
Whether positioned as a long-term hold, a phased mixed-use project, or a fully integrated commercial and residential development, 717 Bat Cave Road offers flexibility, scale, and location—key ingredients for a successful investment in one of Western North Carolina’s most promising growth markets.

Property Facts

Price $1,662,288 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 14.00 AC

1 Lot Available

Lot

Price $1,662,288 CAD
Price Per AC $118,734.85 CAD
Lot Size 14.00 AC

Street fronting level ground ranging from 1.85 acres to 3.45 acres for possible commercial development.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0659-11-55-9776
  • 0659-11-55-6746
  • 0659-11-55-8752
  • 0659-11-56-9110
Land Assessment
$234,272 CAD
Improvements Assessment
$86,522 CAD
Total Assessment
$320,794 CAD
  • Listing ID: 39936042

  • Date on Market: 2026-03-27

  • Last Updated:

  • Address: 717 Bat Cave Rd, Old Fort, NC 28762

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