99999 Gill Branch Road $2,500,000

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    99999 Gill Branch Road Weaverville, NC 28787

    Active Under Contract
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    • 28.36 Acres
    • Commercial
    • MLS# 3701152
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    Views: 28 Days On Site: 480

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    Rare development opportunity located less than 1 mile from major commercial hub (Walmart & Lowe's) in Weaverville, NC. Weaverville continues to show rapid economic and population growth bolstered by a unique mix of small town mountain charm with larger scale infrastructure and easy access to Asheville. 28.36+/- acres of gentle lying land, mostly cleared acreage, encompassed by mountain views and currently zoned for residential medium density. Plenty of sewer capacity for a large development, including gravity fed sewer. Additional adjoining acreage is publicly marketed for sale. The entrance to Gill Branch Rd has 5,600 VPD and is located within approx. 0.4 miles to US-25/US-70(18,000 VPD) and 1.7 miles to I-26 Exit 19 (50,500 VPD). 1,314 ft of interstate road frontage. Minor portion of the property, along Gill Branch Creek, is located in the 100 year floodplain. Property requires extension of ROW or additional access via separately owned parcel to facilitate higher density development.

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    Neighborhood

    28787 (Weaverville) Demographics

    47 Median Age
    265 Population Density (per sq. mile)
    51% College Educated
    $59,446 Estimated Median Income
    6,518 Estimated Total Home Owners
    1,930 Estimated Total Renters
    77% / 23% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    21,083 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $422,500 Median Sales Price
    36 Homes Sold
    40 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,500,000
        3/1/2021 9:14:00 AM New in Database Source: Multiple Listing Service New Value: $2,500,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        IDX Based on information submitted to the MLS GRID as of 6/24/2022 7:02:54 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. © 2022

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.