A 12-acre empty tract beside Super Wal-Mart in Waynesville has sold for $3.5 million, slated for a Michael’s craft store, Pet Smart and new location for Belk department store.

Belk will move from beside Ingle’s grocery store to the, much larger, 85,000-square-foot spot in the high traffic Wal-Mart shopping complex.

The site was original slated for a Home Depot. When the economy tanked, Home Depot changed its mind about opening a new store and has been trying to off-load the tract. Home Depot did well for itself, selling the site for more than it bought it for, according to property transactions.