Property Description

Exceptional fully entitled residential development opportunity located along highly desirable Greenville Highway in Flat Rock, NC. This ±2.03-acre site, known as Oak Preserve #2, has been thoughtfully designed and approved by Henderson County for a 24-unit townhome community, offering a rare opportunity for developers to bypass the lengthy and uncertain entitlement process and move directly toward construction. Positioned in one of the most attractive growth corridors in Henderson County, the property features approximately 500 feet of frontage along Greenville Highway with additional access from Charlestown Drive, providing excellent visibility, accessibility, and connectivity to surrounding residential neighborhoods and employment centers. The site is ideally situated just minutes from downtown Hendersonville, Flat Rock, and major transportation routes, making it highly appealing for both primary residents and investors targeting the strong demand for attainable and workforce housing in the area.The approved development plan consists of 24 thoughtfully designed units with an average size of approximately 2,100+ square feet, laid out in a cohesive and efficient configuration that maximizes density while maintaining attractive streetscapes and functional infrastructure. The engineering and civil plans have been completed, including stormwater management, erosion control, road design, and utility layouts, significantly reducing upfront development risk and accelerating the path to vertical construction.The property benefits from access to public water and sewer, as well as available utilities including electricity, natural gas, cable, and fiber optics, providing critical infrastructure necessary for modern residential development. The site is predominantly level and open, allowing for efficient site work and cost-effective construction compared to more challenging topographies commonly found in the region. With strong population growth, limited housing inventory, and continued demand for townhome product in Henderson County, this offering represents a compelling opportunity for developers, builders, and investors seeking a shovel-ready project in a high-demand submarket. The entitlement for 24 units provides a strategic advantage in today's regulatory environment, where approvals can take significant time and capital to secure.Whether your strategy is build-to-sell, build-to-rent, or a hybrid approach, this project offers the flexibility and scale to meet evolving market demands. The combination of location, approvals, infrastructure, and design creates a highly desirable development platform with the potential for strong returns.This is a rare chance to acquire a fully entitled townhome development in one of Western North Carolina's most sought-after residential corridors?ready for immediate execution.

Property Features