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Riverfront Resort with 6 Cabins
New
For Sale
$950,000

252 Spencer Street, Ellenboro, NC 28040

Commercial Sale, Ellenboro, NC

Property SizeContact for details
Lot Size15.95 Acres
Days on Market3

Property Features for 252 Spencer Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 5
Parking features Carport, Driveway
Window features Window Treatments
Patio and Porch features Porch, Deck
Appliances Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Lot features Cleared, Green Area, Level, Open Lot, Private, Waterfront, Wooded
View Water
Directions GPS works for the property
Standard status Active
APN 1610936
Lot size 15.95 Acres

Taxes and HOA fees

Tax Description RES SPENCER CH ST
Legal Description RES SPENCER CH ST

Utilities

Heating system Natural Gas, Central
Cooling system Central Air
Water front 1

Building Details

Year built 1900
Flooring type Tile, Wood
Building materials Wood
Roof type Shingle
Listing Agency: BluAxis Realty
Listed By: Dee Gambrell · License #319035
Added: Sep 24 Changed: Sep 25 Last Checked: Sep 26 at 1:06PM
MLS# 4427873

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 15.95-acre resort property includes a 1900-built main residence of approximately 4,200 SF, six insulated sleeper cabins, and an approximately 800-SF bathhouse. The residence has six bedrooms and 5 1/2 baths. A 20' x 40' heated saltwater pool, trails, and outdoor gathering areas complement the accommodations. River frontage along the Second Broad River and waterfall views add to the property's natural features.

Improvements made since 2025 include the cabins and bathhouse, along with work to electrical, plumbing, HVAC, foundation, septic, landscaping, fencing, security gate, and pool systems. The retreat operation is established, with approximately 15 beds and 10 rooms across the property. Forest City and regional Western North Carolina markets are nearby.

Key Highlights

  • 15.95 acres along the Second Broad River with waterfall views
  • Six insulated sleeper cabins, plus a main residence with six bedrooms and 5 1/2 baths
  • Approximately 4,200‑SF main residence and 800‑SF bathhouse

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Resort - Guest lodging, a heated pool, and outdoor recreation serve an established retreat operation.
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: 15.95 acres along the Second Broad River with waterfall views; Six insulated sleeper cabins, plus a main residence with six bedrooms and 5 1/2 baths; Approximately 4,200‑SF main residence and 800‑SF bathhouse
More about this property
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