$3,650,000

0 Elverton Rd Unit 21673750 Fayetteville, WV 25840

Estimated payment $23,097/month

Total Views 20,528
811 Acres
$4,501 Price per Acre
35,327,160 Sq Ft Lot

About This Lot

Roaring River is an eight-hundred and eleven-acre multi-use property highly suitable for residential development, located right at the rim of the New River Gorge. The property shares nearly three miles of boundary with the New River Gorge National Park and Preserve, including two miles along the rim of the Gorge. Roaring River boasts of an unparalleled mountaintop advantage, offering breathtaking views across the mile-wide expanse of the Gorge.

Roaring River is centrally located in one of the most popular outdoor recreation destination areas in the U.S. More than two million visitors tour the region annually. Tourists and other outdoor enthusiasts flock here for climbing rocks, stream paddling, hiking, biking, and running on miles of scenic trails.

HIGHLIGHTS
Roaring River is fully platted for a subdivision and has been approved by the Fayette County Commission
Three miles of common boundary with America's newest National Park: the New River Gorge National Park and Preserve
Extensive internal road system with eight miles of developed roads and several miles of forest trails
Miles-long views across the expansive New River Gorge created by the three-million-year-old "Roaring River" (New River)
Elevations plummet steeply, plunging 1000 feet from the clifftop to the New River below
Ten minutes to the New River public access at Cunard
Adjoins Caperton coal Complex, which is now part of the NRGNPP
Two miles of frontage on three state-maintained roads, guaranteeing easy access
Close proximity to Adventures on the Gorge, the Endless Wall, and world-class whitewater rafting, hiking, and biking
Nice laying agricultural land and woodland ridges suitable for residential development
The darkest skies in the region offer breathtaking stargazing, showcasing the millions of stars framed by the night sky

LOCATION
Google Coordinates: 38.018758(N), -81.055001(W)
Address: Elverton Road, Fayetteville, WV 25840
Elevation Range: 1,747 ft. to 2,173 ft. +/-

Driving Times

Highways/Towns:

US 19, Oak Hill: 15 minutes
I-64, Prosperity: 25 minutes
Beckley: 35 minutes
Charleston, WV: 1 hour 10 minutes
Fayetteville: 10 minutes
Oak Hill: 15 minutes
Summersville: 40 minutes

Jet Airports:

Yeager Airport, Charleston: 1 hour
Greenbrier Valley Airport, Lewisburg: 1 hour 30 minutes
Raleigh County Memorial Airport, Beckley: 45 minutes

SURROUNDING AREA

Roaring River is centrally located in one of the most popular outdoor recreation destinations in the U.S. More than three million visitors tour the region annually, climbing rocks, paddling streams, hiking, biking, and running on miles of scenic trails. Interestingly, the Boy Scouts of America established its National Jamboree site here because of its unparalleled access to world-class outdoor recreation. In the winter, the area attracts another clientele - skiers bound for the slopes at Winterplace, a drive of 40 minutes to the south, and Snowshoe Mountain, a two-and-a-half-hour drive to the northeast.

Additionally, the Roaring River location benefits from its proximity to Adventures on the Gorge, one of the most popular outdoor adventure resorts in the U.S. As a pioneer in the whitewater rafting industry, the resort has played a crucial role in driving high-end economic development in the region, making it a hotspot for adventure seekers.

Roaring River also enjoys more than its share of singular shops, pubs, and restaurants, many of which cluster around Fayetteville, a five-minute drive from the property. For even more exceptional eateries and retail destinations, you can explore in just an hours drive the west of the state capitol at Charleston, and an hour the east historical Lewisburg, which, according to the National Geographic Magazine, is ranked one of the most livable small towns in the U.S.

The region is perhaps best known as one of the most popular rock-climbing destinations in the world. Thousands of climbers annually scale the more than 60 miles cliff on the gorges of the New, Gauley, and Meadow rivers. Outside Magazine rated the New River Gorge the third most popular climbing area in the U.S. in 2019. It includes some of the most attractive sports climbs in the Western Hemisphere. Notably, the American Alpine Club maintains an ecologically integrated campground for climbers less than a mile from the frontage.

In recent years, the region has also witnessed a rise in the number of hikers, paddlers, and bicyclists attracted to its limitless recreative landscape. USA Today, in 2015, named the Endless Wall Trail - a drive of only 20 minutes from the property - the best hiking trail in the U.S. national park system. Whitewater rafting has long been a mainstay of tourism on the New and Gauley Rivers, though kayaking has grown tremendously throughout West Virginia, outpacing the growth of the pastime nationally.

The region is also renowned as a paradise for golfers, boasting more than a score of courses within just an hours drive. This includes three at the famous Greenbrier, which sometimes hosted both the PGA and LIV tour and three at nearby Glade Springs Resort. Also, the Oakhurst Links, the first course in the U.S., is just over an hours drive.

Accessing the area is easy. The US-19 expressway travels through the heart of the region, and Interstates 77 and 64 area are only a half-hour drive by expressway to the south at Beckley. Interstate 79 is a 45-minute drive by expressway to the north. The state capital, Charleston, is an hours drive west and accessible by several routes.

For train travel, the Amtrak passenger stations on the Chicago-New York route are located half an hour to the south near Beckley and an hours drive east and west at Charleston and White Sulphur Springs.

Public airports that offer jet service are located 40 minutes to the south at Beckley and an hour west and east at Charleston and Lewisburg. For smaller aircraft, local airfields within a five-minute drive from the property accommodate small and private planes, providing options and convenient access for all types of travel.

RECREATION
Residency in the New River Gorge region offers access to a seemingly limitless variety of recreational pursuits. Its parks invite hiking, biking, fishing, hunting, paddling, rock climbing, ziplining, and whitewater rafting. The area accommodates several walking and field sports facilities, including stadiums, playgrounds, and walking and biking trails. The winter months are not let out - Winterplace is an hour's drive south, offering skiing and snow-tubing.

Local Recreation

Adventures on the Gorge, ACE Adventure Resort/Whitewater: 15 minutes
Babcock State Park: 35 minutes
Cunard New River Access: 10 minutes
Golf Course Bridge Haven Golf Course on the Gorge: 5 minutes
Kaymoor Trail Head and Brooklyn Trail Head at Cunard: 10 minutes
Kaymoor Miners Trailhead: 10 minutes
Lake - Summersville Lake, Summersville: 35 minutes
New River Gorge Bridge, Fayetteville: 15 minutes
Summit Bechtel Reserve, Oak Hill: 20 minutes

FOREST/TIMBER RESOURCES

The abundant timber resource, consisting of about 785 acres, is well positioned for current timber income and value appreciation over the coming decades. With an attractive mix of species, adequate stocking levels, and favorable diameter class distribution, the timber amenity represents a strong value component for investors.

Roaring River's Forest resource is rich in quality Appalachian hardwoods and native Eastern Hemlock. This timber resource has the potential to provide flexibility for future owners in terms of opportunities for harvest revenue that could be managed to provide cash flow opportunities to offset holding costs and contribute to long-term asset appreciation. Although Capital Timber Value for the timber and pulpwood has not been determined at this time, the potential is glaring.

The forests predominately well-drained upland terrain has led to a resource dominated by hardwood species. Overall, the species composition is highly desirable, favoring Appalachia

Listing Agent

Richard Grist

FoxFire Realty Listed on: 10/04/2024

Listing Provided By

Property Details

Property Type

  • Land

Lot Details

  • Property fronts a county road
  • Potential uses include residential single, for development

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Office Phone: 681-540-0138
  • Listing Website: https://www.land.com/property/elverton-road-fayetteville-west-virginia-25840/21673750/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: Residential Single, For Development
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Exterior Features

  • Road Description: County, Gravel/Rock

Lot Info

  • Lot Description: Acreage, Varied

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 For Sale $3,650,000 -- --