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    99999 Reynolds Mtn Blvd Woodfin, NC 28804

    Sponsored
    For Sale
    $995,000

    3-Acre Development Site, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.03-acre commercial land parcel presents a unique investment opportunity in Woodfin, North Carolina. Ideally situated near I-26 in the Community Shopping District, this property boasts excellent visibility with approximately 250 feet of street frontage on Reynolds Mountain Boulevard. The site benefits from existing water and sewer connections, simplifying development. Zoned for a variety of uses, including hotel, office, multi-family, or retail, this location offers significant potential. The area is underserved by hotels, presenting a strong case for a hotel development, supported by a local Average Daily Rate (ADR) of $192.35 and Revenue Per Available Room (RevPAR) of $147.83. The high-income demographics of the surrounding area, with an average household income of $101,955 in zip code 28804, further enhance the investment appeal. The property's proximity to I-26 (52,500 average daily traffic count) and UNC-Asheville campus adds to its strategic value. The topography is described as gentle to rolling to steep. The asking price is $995,000. Parcel Number: 973078298700000.

    Property Features for 99999 Reynolds Mtn Blvd

    General Information

    Property type
    Land
    Lot Size
    131,987 SF

    HighLights

    • Excellent visibility from I‑26, with 52,500 AADT.
    • Ideal for a mainstream hotel; area lacks hotel inventory. Multi‑family or retail also possible.
    • High‑income demographics; average household income of $101,955 in zip code 28804.
    • Approximately 250 feet of street frontage.
    • Gentle to rolling to steep topography.
    • Water and sewer available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodfin
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5777293079
    Latitude
    35.645393578612

    Nearby Comparable

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    • $995,000
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      Prime Commercial Land I-26 Visibility

      Ideal site with I-26 visibility for hotel, retail, or multifamily.
      99999 Reynolds Mountain Blvd, Asheville, NC 28804
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    • $450,000
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      Woodfin Commercial Redevelopment Opportunity

      Prime Woodfin location, 0.34 acres, needs remodel.
      75 Weaverville Rd, Woodfin, NC 28804
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    • $875,000
      0.23 Acres

      Asheville Multifamily with Mountain Views

      Newer construction duplex with rental income potential near Beaver Lake.
      17 Elkmont Ter, Asheville, NC 28804
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    Nearby Similar for Sale

    • $450,000
      0.34 Acres

      Woodfin Commercial Redevelopment Opportunity

      Prime Woodfin location, 0.34 acres, needs remodel.
      75 Weaverville Rd, Woodfin, NC 28804
      View Details

    FAQs

    What type of property is this?
    Land - 3-Acre Development Site, High Visibility
    Where is this land located?
    The property is located at 99999 Reynolds Mtn Blvd Woodfin, NC.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Excellent visibility from I-26, with 52,500 AADT.; Ideal for a mainstream hotel; area lacks hotel inventory. Multi-family or retail also possible.; High-income demographics; average household income of $101,955 in zip code 28804.
    (855) 384-5263
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    99999 Reynolds Mtn Blvd Woodfin, NC 28804
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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
    99999 Reynolds Mtn Blvd Woodfin, NC 28804
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