brevard, north carolina davidson river village … · 2018. 7. 31. · to asheville 30 miles | 37...
TRANSCRIPT
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
DAVIDSON RIVER VILLAGE
•BREVARD
PROPERTYINFORMATION
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 4
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 5
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 6
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 7
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 8
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).
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 9
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 10
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 11
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 13
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 14
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 15
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
DAVIDSON RIVER VILLAGE
FOUNDRY COMMERCIAL 16
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.