ASHEVILLE HIGHWAY HENDERSONVILLE HIGHWAY DAVIDSON RIVER CONNECTOR BREVARD, NORTH CAROLINA DAVIDSON RIVER VILLAGE MIXED-USE MASTER PLANNED DEVELOPMENT ±535 ACRE DEVELOPMENT OPPORTUNITY
CONTENTS 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.
EXECUTIVE SUMMARY
sontown Frankfort Lexington- Fayette Charleston Staunton Charlottesville 95 Fredericksburg Richmond Lexington 81 Lynchburg 29 15 295 288 RICHMOND 150 288 Chesapeake Bay Blacksburg 581 Roanoke 460 460 Petersburg Williamsburg 75 75 Kingsport Bristol 81 58 29 Danville 58 15 460 85 95 58 Hampton Newport News Virginia Beach Norfolk Portsmouth Chesapeake Suffolk 81 Johnson City Outer Banks oga ome 0 75 Dalton Cleveland Marietta Smyrna Peachtree City Oak Ridge 75 Alpharetta Roswell East Point Atlanta Knoxville DAVIDSON RIVER VILLAGE Gainesville 20 85 40 26 Anderson Asheville BREVARD Greenville 185 26 385 40 85 Spartanburg 26 26 20 Aiken Winston-Salem 77 40 Hickory Salisbury Kannapolis Concord Gastonia Charlotte 485 Monroe Rock Hill 77 20 COLUMBIA Sumter 26 95 Burlington Greensboro High Point 73 95 Florence Chapel Hill EXECUTIVE Cary RALEIGH SUMMARY Wilson Rocky Mount Greenville Foundry Commercial is pleased to present for sale the highly Goldsboro desirable 535 acre mixed-use development opportunity known as 95 the Davidson River Village in Brevard, NC. The 40 property is located within the City of Brevard's Special Zoning District which creates a blank canvas for a future buyer. That Jacksonville said, the property has been conceptually drawn for future mixed Lumberton 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 Wilmington intersection of the US Highway 276/Asheville Highway and US Highway /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. Fayetteville 85 Durham 95 85 ge 75 Atlantic Ocean Macon Summerville Goose Creek Warner Robins 95 North Charleston Mount Pleasant Charleston 16 FOUNDRY COMMERCIAL 2 75 Hilton Head Island
PROPERTY INFORMATION
ASHEVILLE HIGHWAY DAVIDSON RIVER CONNECTOR HENDERSONVILLE HIGHWAY PROPERTY INFORMATION ADDRESS US Highway 276/Asheville Highway and US Highway /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 MUNICIPALITY TAX RATES LAND SIZE (GROSS) CURRENT ZONING CURRENT USAGE FUTURE USAGE SEWER & UTILITIES Transylvania City of Brevard 0.5110 per $100 valuation (Transylvania County) and 0.4950 per $100 valuation (City of Brevard) ± 535 acres Special District Brownfield Mixed-use development Municipal water and sewer LIST PRICE $15,000,000 FOUNDRY COMMERCIAL 4
EQUESTRIAN CENTER RIVER TRAIL VILLAGE CENTER DAVIDSON RIVER LODGE NEIGHBORHOODS OUTFITTER PRO SHOP PRELIMINARY MASTER PLAN 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. FOUNDRY COMMERCIAL 5
DAVIDSON RIVER FOUNDRY COMMERCIAL 6
DAVIDSON RIVER FOUNDRY COMMERCIAL 7
PISGAH NATIONAL FOREST 6 ASHEVILLE HWY TRANSYLVANIA COUNTY TO HENDERSONVILLE US HWY BREVARD MUSIC CENTER BREVARD CONNECTION TO DOWNTOWN BREVARD BREVARD COLLEGE TRAIL US HWY 276 PROJECT SITE OLD HENDERSONVILLE HWY FRENCH BROAD RIVER CONNECTIVITY The Davidson River Village development is located at the intersection of US Highway 276/ and US Highway 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/ to US Highway. 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). FOUNDRY COMMERCIAL 8
ROAD IMPROVEMENTS CONNECTOR CONNECTOR CONNECTOR CONNECTOR FOUNDRY COMMERCIAL 9
ROUTE ASHEVILLE HWY SITE CONSTRAINTS wetlands, stream buffers, landfill & power line easements 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 OLD HEDERSONVILLE HWY OLD HENDERSONVILLE HWY FOUNDRY COMMERCIAL 10
SCHEMATIC SEWER PLAN ˆ SCHEMATIC SEWER AND WATER PLAN utilities / off-site costs 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. SCHEMATIC WATER PLAN ˆ FOUNDRY COMMERCIAL 11
LOCATION OVERVIEW
BREVARD, A QUAINT YET THRIVING 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 fourlane 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. DOWNTOWN BREVARD PISGAH NATIONAL FOREST HOOKER FALLS, DUPONT STATE FOREST FOUNDRY COMMERCIAL 13
ASHEVILLE HIGHWAY FOREST GATE SHOPPING CENTER 22,000 VPD PISGAH BAPTIST CHURCH TO ASHEVILLE 30 miles 37 minutes TO ASHEVILLE REGIONAL AIRPORT 11 miles 15 minutes TO HENDERSONVILLE 17 miles 26 minutes M A J O R HIGHWAYS 178 276 NC 215 BREVARD PLAZA CALVARY BAPTIST MISSION CHURCH & ACADEMY PISGAH HIGHWAY BREVARD ACADEMY NC 281 NC 280 TRANSYLVANIA REGIONAL HOSPITAL PISGAH FOREST ELEMENTARY BLUE RIDGE COMMUNITY COLLEGE METRO AREA DISTANCE & POPULATION ASHEVILLE 25 MILES 254,000 ATLANTA 204 MILES 5,700,000 TO GREENVILLE-SPARTANBURG 35 miles 30 minutes CHARLOTTE 115 MILES 2,380,000 GREENVILLE- SPARTANBURG 59 MILES 1,140,000 Transylvania Economic Alliance FOUNDRY COMMERCIAL 14
DAVIDSON SEAPORTS RIVER VILLAGE LOCAL COLLEGES/UNIVERSITIES 35% of the population hold an advanced degree Product type 729 6,807 523 271 MILES enrolled at Brevard College enrolled at Blue Ridge Community College enrolled at Western Carolina University Biltmore Park TO SAVANNAH 3,595 11,124 2,936 45 MILES enrolled at University of North Carolina Asheville enrolled at AB Technical Community Collage enrolled at Furman University TO SC INLAND POPULATION NORTH CAROLINA 9,544,249 247 MILES 231,437 labor force 13,239 labor force ASHEVILLE-BREVARD 472,295 TRANSYLVANIA COUNTY 33,045 CITY OF BREVARD 7,5 TO CHARLESTON Transylvania Economic Alliance 15 FOUNDRY COMMERCIAL 15
1 MILE 3 MILE 5 MILE CYCLING CAPITAL OF THE SOUTH AMERICA S 10 BEST MOUNTAIN BIKE TOWNS AMERICA S 20 COOLEST OUTDOOR TOWNS BIKE MAGAZINE NATIONAL MATADOR DEMOGRAPHICS 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 6 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 FOUNDRY COMMERCIAL 16
BRIAN CRAVER, CCIM Senior Vice President (704) 319 5072 brian.craver@foundrycommercial.com KARL HUDSON IV, CCIM Senior Vice President (919) 987 1012 karl.hudson@foundrycommercial.com foundrycommercial.com MATT GILLIAM Vice President (919) 987 1010 matt.gilliam@foundrycommercial.com