Property profile

75 Weaverville Rd Woodfin, NC 28804

OFF-MARKET
Commercial real estate
Property ID
US53-5650111
0.34 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional 0.34-acre commercial property presents a unique redevelopment opportunity in the desirable Woodfin, NC area. Located at 75 Weaverville Road, just north of Beaver Lake and conveniently close to Reynolds Village, this property offers significant potential for a variety of uses. The existing structure, a vintage building dating back to the 1920s, has served numerous purposes throughout its history, most recently as a church. However, it requires a complete renovation, including substantial improvements to the parking area. The property's prime location and substantial lot size make it an attractive investment for developers seeking a project with high upside potential. The asking price has been recently reduced, making this an even more compelling opportunity for those seeking a project with significant potential for return. The building's history and its proximity to established residential and commercial areas offer a unique blend of character and convenience. This is a chance to transform a historic property into a thriving commercial venture in a highly sought-after location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is sold as-is.

Property profile

Verified
Property type Commercial real estate
Year built 1920
Lot 0.34 ac (14,810 SF)
UPID US53-5650111

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

75 Weaverville Rd Woodfin, NC 28804
Woodfin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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