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    27 Eller Hollow Rd Weaverville, NC 28787

    Sponsored
    For Sale
    $239,000

    6-Acre Wooded Commercial Lot, City Water

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6-acre commercial land parcel in Weaverville, North Carolina, presents a unique investment opportunity. Located at 27 Eller Hollow Rd, Buncombe County (APN: 975210433500000), this property is zoned OU and boasts a desirable location with many beautiful homes nearby. The land is primarily wooded, offering several potential building sites. A significant advantage is the existing city water line at the property's edge, simplifying development. Note that the property includes a cell tower, currently under lease (10,000 sq ft, 0.229 acres, plus a 30-foot wide access easement, documented in Buncombe County Register of Deeds records, Book 2785, Page 161). The lease agreement includes a 30-day review period for any proposed sale and a right of first refusal for the cell tower tenant, also with a 30-day notice term. Importantly, there is no current revenue stream from the existing lease; the tower is included in the sale. This property offers substantial potential for various commercial ventures, benefiting from its size, location, and existing infrastructure. The buyer should be aware of the existing lease and right of first refusal associated with the cell tower.

    Property Features for 27 Eller Hollow Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $239,000 asking price.
    • 6‑acre commercial land parcel.
    • Located at 27 Eller Hollow Rd, Weaverville, NC 28787 (APN: 975210433500000).
    • OU zoning.
    • Includes a cell tower with a lease (10,000 sq ft, 30‑foot easement) and a right of first refusal for the tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Auto Repair Shop Accounting Firm Storage Facility Pet Store 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
    -82.531952
    Latitude
    35.677735

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    FAQs

    What type of property is this?
    Land - 6-Acre Wooded Commercial Lot, City Water
    Where is this land located?
    The property is located at 27 Eller Hollow Rd Weaverville, NC.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: $239,000 asking price.; 6-acre commercial land parcel.; Located at 27 Eller Hollow Rd, Weaverville, NC 28787 (APN: 975210433500000).
    Request Owner's contact information
    27 Eller Hollow 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
    27 Eller Hollow Rd Weaverville, NC 28787
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