99999 Reynolds Mtn Blvd Woodfin, NC 28804
- Land
- 3.03 lot acres
Current Use by Public Records
- Land
Property Details for 99999 Reynolds Mtn Blvd
- Lot size
- 3.03 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodfin
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5777
- Latitude
- 35.6454
