brevard, north carolina davidson river village … · 2018. 7. 31. · to asheville 30 miles | 37...

ASHEVILLE HIGHWAY

64

HENDERSONVILLE HIGHWAY

DAVIDSON RIVER VILL AGE

DAVIDSON RIVER CONNECTOR

BREVARD, NORTH CAROLINA

DAVIDSON RIVER VILLAGEMIXED-USE MASTER PLANNED DEVELOPMENT

±535 ACRE DEVELOPMENT OPPORTUNITY

1 EXECUTIVE SUMMARY

3 PROPERTY INFORMATION

12 LOCATION OVERVIEW

Disclaimer: All information provided herein is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and is subject to errors, omissions, change of price, rental or other conditions.

CONTENTS

EXECUT IVESUMMARY

DAVIDSON RIVER VILLAGE

FOUNDRY COMMERCIAL 22

EXECUT IVE SUMMARY

Foundry Commercial is pleased to present for sale the highly desirable 535 acre mixed-use development opportunity known as the Davidson River Village in Brevard, NC. The property is located within the City of Brevard's Special Zoning District which creates a blank canvas for a future buyer. That said, the property has been conceptually drawn for future mixed use development which features up to 1,250,000 square feet of commercial development as well as up to 1,000 residential dwelling units. Located in Brevard at the intersection of the US Highway 276/Asheville Highway and US Highway 64/Pisgah Highway, the Property represents a trophy mixed use development opportunity which allows the developer to take advantage of increased infrastructure, existing entitlements, and population growth.

Kannapolis

Rock Hill

Goose Creek

Goldsboro

Blacksburg

Millville

Summerville

Sumter

Manassas

ChapelHill

Wilson

Charlottesville

Florence

Burlington

Monroe

Harrisonburg

Parkersburg

Spartanburg

Hickory

Danville

Annapolis

Atlantic City

Kingsport

Hilton HeadIsland

Salisbury

Petersburg

Leesburg

Mount Pleasant

Aiken

Anderson

Rockville

Dover

Rome

Hinesville

Cleveland

WarnerRobins

PeachtreeCity

Oak Ridge

La Grange

Smyrna

Alpharetta

Phenix City

Gainesville

East Point

Dalton

Covington

FrankfortJeffersontown

Fairfield

Richmond

Fredericksburg

Jacksonville

RockyMount

Gaithersburg

Cary

North Charleston

Charleston

Huntington

Concord

Roanoke

Johnson City

High Point

Wilmington

Frederick

Asheville

Suffolk

Bowie

Charleston

Greenville

Lynchburg

Greenville

Gastonia

Albany

Macon

Marietta Roswell

Williamsburg

Outer Banks

Bristol

Lexington

Staunton

Greensboro

COLUMBIA

Fayetteville

Savannah

Chesapeake

Hampton

Portsmouth

RICHMOND

Durham

Winston-Salem

RALEIGH

VirginiaBeach

Norfolk

Alexandria

Newport News

Chattanooga

Knoxville

Atlanta

Cincinnati

Louisville

Lexington-Fayette

Baltimore

Charlotte

Lumberton

Washington

ChesapeakeBay

AtlanticOcean

DelawareBay

695

495

295

270

70

97

66

81

79

77

64

64

64

64

6464

64

81

81

81

26

26

20

20

20

20

26

26

26

85

85

75

75

75

75

16

95

95

95

95

95

95

95

95

73

77

77

40

40

4040

85

85

85

64

75

75

75

75

7575

74

485

385

185

29

15

5858

58

460460

460

15

15

29

150

288

288

581


•BREVARD

PROPERTYINFORMATION



ASHEVILLE HIGHWAY

64

HENDERSONVILLE HIGHWAY

DAVIDSON RIVER VILL AGE

DAVIDSON RIVER CONNECTOR

ADDRESS US Highway 276/Asheville Highway and US

Highway 64/Hendersonville Highway, Brevard, NC

PIN NUMBERS 8596-77-7562-000, 8596-89-6077-000, 8597-31-8577-000, 8597-32-8849-000, 8597-33-1166-000, 8597-42-2419-000,8597-42-7854-000, 8597-51-0988-000,8597-51-5302-000, 8597-52-6973-000,8597-53-8878-000

COUNTY Transylvania

MUNICIPALITY City of Brevard

TAX RATES 0.5110 per $100 valuation (Transylvania County)

and 0.4950 per $100 valuation (City of Brevard)

LAND SIZE (GROSS) ± 535 acres

CURRENT ZONING Special District

CURRENT USAGE Brownfield

FUTURE USAGE Mixed-use development

SEWER & UTILITIES Municipal water and sewer

LIST PRICE $15,000,000

PROPERTY INFORMATION



PRE L IM INARY MASTER P LAN

Located in Transylvania County, North Carolina, the property is known as the Davidson River Village mixed-use master plan development which has been conceptually drawn and preliminarily approved for up to 1,000 residential dwelling units, 250,000 square feet of lodging and resort property as well as 1,250,000 square feet of retail and commercial development. The property is strategically positioned at the front door to Pisgah National Forest just minutes from downtown Brevard and features approximately 3.5 miles of private river frontage along the Davidson and French Broad River, which are all great components for a buyer to develop a trophy mixed-use development.

VILLAGE CENTER

DAVIDSON RIVER LODGE

NEIGHBORHOODS

EQUESTRIAN CENTER

RIVER TRAIL

OUTFITTER PRO SHOP



DAV I D S O N R I V E R V I L L A G E DAV I D S O N R I V E R

DAV I D S O N R I V E R V I L L A G E DAV I D S O N R I V E R V I L L A G E



DAV I D S O N R I V E R V I L L A G E DAV I D S O N R I V E R V I L L A G E

DAV I D S O N R I V E R V I L L A G E DAV I D S O N R I V E R



ROUTE 276

ASHEV

ILLE H

WY

OLD

HEN

DERS

ONV

ILLE

HW

Y

US HWY 64

US HWY 276

BREVARD

PROJECT SITE

CONNEC

TION T

O D

OW

NTO

WN B

REVARD

TRAIL

TRANSYLVANIA COUNTY

PISGAH NATIONAL FOREST

TO ASHEVILLE

TO HENDERSONVILLE

BREVARD MUSIC CENTER

FRENCH BROAD RIVER

BREVARD COLLEGE

CONNECT IV I TY

The Davidson River Village development is located at the intersection of US Highway 276/64 and US Highway 64 and will benefit from the improved access of the Davidson River Village Connector which will run through the northern portion of the property from east to west and therefore connecting from US Highway 274/64 to US Highway 64. The connector is currently under construction, is expected to be completed by Summer of 2018 and will support up to 20,900 vehicles per day (VPD).



ROAD IMPROVEMENTS

DAV I D S O N R I V E R V I L L A G E C O N N E C TO R DAV I D S O N R I V E R V I L L A G E C O N N E C TO R

DAV I D S O N R I V E R V I L L A G E C O N N E C TO R DAV I D S O N R I V E R V I L L A G E C O N N E C TO R



ASHEV

ILLE HW

Y

ROUTE 64

OLD HENDERSONVILLE HWY

OLD HED

ERSONVILLE H

WY

PROPERTY

RIVERS, STREAMS, PONDS, WETLANDS

FLOODWAY

100 YEAR FLOOD ZONE

500 YEAR FLOOD ZONE

AREA IN 100 YEAR FLOOD ZONE PENDING REMOVAL FROM THE AE ZONE

STREAM BUFFERS

25% SLOPES

LANDFILL

POWER LINE EASEMENT

PROPERTY BOUNDARY

wetlands, stream buffers, landfill & power line easements

S I T E CONSTRA INTS



SCH

EMA

TIC W

ATER PLA

N ˆ

SCH

EMA

TIC SEW

ER PLAN

ˆ

A portion of the Davidson River Village development is currently located within the Extra-Territorial Jurisdiction and will need to be annexed into the City of Brevard upon execution of approved master plan. It is our understanding that the master developer of the project will be required to contribute to the improvement of the City’s utility and public service infrastructure as well as to improve its existing roadway systems. These offsite costs are currently unknown and should be taken into account when underwriting the property.

SCHEMAT IC SEWER AND WATER P LAN utilities / off-site costs

LOCAT IONOVERVIEW



BREVARD , A QUA INT YE T THR IV ING TOWN

consistently ranking near the top of America’s best places to live, work, and play

Brevard, NC, nicknamed “the land of the waterfalls” is a popular tourist destination for many due to its eclectic downtown and access to restaurants, shopping, amenities and its proximity to Pisgah National Forest and DuPont State Recreational Forest. But, over the last several years, many have decided to plant their roots into Brevard as a home and have stimulated substantial economic growth. Brevard is on the verge of reaching its tipping point and will soon transform from a quaint tourist town into a major growth hub for tourism, business, and primary, second home, and retirement housing.

• Year after year growth: With steady development in downtown Brevard, the population, tourist, and commercial occupancy are increasing substantially each year. Downtown retail occupancy is approaching 100%.

• Convenient access via numerous thoroughfares: Connected to Interstate 26 and only 15 miles from the Asheville Regional Airport via Highway 280, a four-lane divided highway, and just a short drive from both Asheville, NC and Greenville, SC.

• Active economic alliance : The Transylvania Economic Alliance promotes Brevard’s strategic business location regionally and nationally while highlighting the built-in amenities of the region and offering incentives for business relocation to the County.

H O O K E R FA L L S, D U P O N T S TAT E F O R E S TP I S G A H N AT I O N A L F O R E S TD O W N TO W N B R E VA R D



A

SHEVILLE HIGHWAY 22,000 VPD

64

PISGAH HIGHWAYDAVIDSON RIVER VILL AGE

FOREST GATE SHOPPING CENTER

BREVARD PL A Z A

TRANSYLVANIA REGIONAL HOSPITAL

PISGAH FOREST ELEMENTARY

BREVARD ACADEMY

CALVARY BAPTIST MISSION CHURCH & ACADEMY

PISGAH BAPTIST CHURCH

BLUE RIDGE COMMUNIT Y

COLLEGE

TO HENDERSONVILLE17 miles | 26 minutes

TO GREENVILLE-SPARTANBURG 35 miles | 30 minutes

TO ASHEVILLE 30 miles | 37 minutes

M A J O R H I G H WAY S

M E T R O A R E A D I S TA N C E & P O P U L AT I O N

64 178

276

281NC

215NC

280NC

ASHEVILLE

25 MILES

254,000

ATLANTA

204 MILES

5,700,000

CHARLOTTE

115 MILES

2,380,000

GREENVILLE- SPARTANBURG

59 MILES

1,140,000

Transylvania Economic Alliance

TO ASHEVILLE REGIONAL AIRPORT 11 miles | 15 minutes



Product type

15

enrolled at Brevard College

enrolled at University of North Carolina Asheville

Transylvania Economic Alliance

35% of the population hold an advanced degree

enrolled at Blue Ridge Community College

enrolled at AB Technical Community Collage

enrolled at Western Carolina University Biltmore Park

enrolled at Furman University

729

3,595

6,807

11,124

523

2,93645 MILES

TO SAVANNAH

TO SC INLAND

TO CHARLESTON

271

247

MILES

MILES

S E A P O R T S L O C A L C O L L E G E S / U N I V E R S I T I E S

P O P U L AT I O N

472,295

9,544,249

33,045

7,645

ASHEVILLE-BREVARD

NORTH CAROLINA

TRANSYLVANIA COUNTY

CITY OF BREVARD

231,437

13,239

labor force

labor force



1 MILE 3 MILE 5 MILE

2016 ESTIMATED POPULATION 1,556 9,926 18,692

2021 PROJECTED POPULATION 1,594 10,094 18,986

2016 ESTIMATED HOUSEHOLDS 621 4,416 8,342

2016 PROJECTED HOUSEHOLDS 646 4,558 8,592

AVERAGE HH INCOME $44,203 $53,759 $55,380

MEDIAN HH INCOME $41,306 $42,141 $44,356

2016 TOTAL BUSINESSES 112 592 1,130

2016 TOTAL EMPLOYEES 1,603 5,214 9,241

DAVIDSON RIVER VILLAGE DEMOGRAPHICS

1 MILE 3 MILE 5 MILECYCLING CAPITAL OF THE

SOUTH

BIKE MAGAZINE NATIONAL

AMERICA’S 10 BEST MOUNTAIN BIKE TOWNS

MATADOR

AMERICA’S 20 COOLEST OUTDOOR TOWNS

foundrycommercial.com

BRIAN CRAVER, CCIMSenior Vice President(704) 319 [email protected]

KARL HUDSON IV, CCIMSenior Vice President(919) 987 [email protected]

MATT GILLIAMVice President(919) 987 [email protected]

Although the information contained herein was provided by sources believed to be reliable, Foundry Commercial makes no representation, expressed or implied, as to its accuracy and said information is subject to errors, omissions or changes.

brevard, north carolina davidson river village … · 2018. 7. 31. · to asheville 30 miles | 37...

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