Building Details

Year Built 1900

Listing Agency: BluAxis Realty

Listed By: Dee Gambrell · License #CAR83559 Show Phone

Source: Carolinacoastalgroup

Added: Sep 26 Last Checked: Sep 26 at 4:00AM

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Investment Insights

Based on property information with market context.

This resort property occupies approximately 16 acres along the Second Broad River and includes a historic main residence, six insulated sleeper cabins, and an approximately 800-square-foot bathhouse. The main residence measures approximately 4,200 square feet and has six bedrooms and 5 1/2 bathrooms. A heated saltwater pool measuring 20 by 40 feet complements the guest accommodations and gathering areas. The property has approximately 15 beds and 10 rooms overall, and an established retreat operation is in place. A related business entity and operation may be available for transfer by mutual agreement.

River frontage, waterfall views, trails, and outdoor areas support fishing, kayaking, swimming, and hiking. The property is near Forest City and within the Western North Carolina region. Improvements made since 2025 include the cabins, bathhouse, electrical and plumbing work, HVAC, foundation, septic, landscaping, fencing, a security gate, and pool work. The seller reports permits and inspections for numerous improvements.

Key Highlights

• Approximately 16 acres along the Second Broad River with waterfall views
• Six insulated sleeper cabins and an approximately 800‑square‑foot bathhouse
• Approximately 4,200‑square‑foot main residence with 6 bedrooms and 5 1/2 bathrooms

Property Analytics

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Current Use

Resorts

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Furniture & Home Goods Bakery Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 28040, NC

7,472

Population

3,396

Households

2.2

Avg Household Size

42

Median Age

18%

College-Educated

87%

High-School Grad

67.8 sq mi

ZIP Area

110

Density / Sq Mi

$57,989

Median Household Income

$33,925

Median Earnings

$697

Median Rent

$148,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this resorts located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Resort - An operating retreat combines overnight accommodations, a pool, and outdoor recreation along the Second Broad River.

Where is this resort located?

The property is located at 252 Spencer Street Ellenboro, NC.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Approximately 16 acres along the Second Broad River with waterfall views; Six insulated sleeper cabins and an approximately 800‑square‑foot bathhouse; Approximately 4,200‑square‑foot main residence with 6 bedrooms and 5 1/2 bathrooms