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    28 Pleasant Grove Rd Weaverville, NC 28787

    Sponsored
    For Sale
    $1,700,000

    13.39 Acres, Prime Location, High Growth

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 13.39-acre commercial parcel presents a unique investment opportunity in the thriving Reems Creek valley of Weaverville, NC. Situated minutes from downtown Weaverville, this property benefits from the town's rapid economic and population expansion. The land boasts rolling topography and convenient utility access, making it ideally suited for residential development. A gravity sewer line traverses the lower portion of the site, simplifying infrastructure needs. The property's strategic location is further enhanced by its adjacency to both established and approved residential communities, offering immediate context and potential synergy. While a portion of the land falls within the floodplain, the overall accessibility and growth potential of the area significantly outweigh this factor. Existing structures on the property have not been assigned a monetary value. This presents a blank canvas for a developer to envision and execute a profitable project, capitalizing on the high demand for residential properties in this desirable location. The property is identified by MLS #4179640. This is a rare chance to acquire a substantial land holding in a booming North Carolina market. Serious inquiries are encouraged.

    Property Features for 28 Pleasant Grove Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    583,268 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Department Store Accounting Firm Storage Facility Toy Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weaverville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.52782
    Latitude
    35.68752

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    FAQs

    What type of property is this?
    Commercial real estate - 13.39 Acres, Prime Location, High Growth
    Where is this commercial real estate located?
    The property is located at 28 Pleasant Grove Rd Weaverville, NC.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (828) 575-0272
    Request Owner's contact information
    28 Pleasant Grove Rd Weaverville, NC 28787
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    Weaverville, NC 28787
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28 Pleasant Grove Rd Weaverville, NC 28787
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