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    10545 Nc Highway 105 Banner Elk, NC 28604

    New
    For Sale
    $599,000

    Mountain, Multi Family - Banner Elk, NC

    Type:Multi Family
    Lot size:
    0.69 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 10545 Nc Highway 105

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Lot size
    0.69 Acres

    Building Details

    Year built
    1979
    Building materials
    Frame
    Architectural style
    Mountain

    EXP REALTY LLC (336) 937-9123 [email protected]

    Listing agent Ronald Kent (888) 584-9431

    Listing date Dec 6, 2025

    MLS# 259294 Listing URL

    Copyright © 2025 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Apartment Income

    This mixed-use property offers a unique opportunity to own a building and business with rental income from apartments. The property features over 11,000 square feet, including a new roof. It includes two three-bedroom apartments and a large retail space on the ground floor with offices and a loading area. The retail space can be split into separate units or potentially finished as additional apartments. The retail/office space encompasses approximately 5,500 square feet. In addition to the two apartments, there is open storage space and another apartment upstairs. The property, situated on 0.69 acres, previously housed a thriving retail business. Located next to the former Grandview Restaurant (now Blue Ridge Cantina) on busy Highway 105, it benefits from high traffic and visibility. This commercial building on heavily traveled Highway 105, along with its apartment rentals, presents a rare opportunity. The septic system needs verification for potential buyer use. The property is located in Banner Elk, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Banner Elk
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.794094
    Latitude
    36.146743

    Nearby Similar for Sale

    • New
      $1,175,000
      0.48 Acres

      Banner Elk Multi-Family Investment Opportunity

      Four rentable units with income potential near Beech Mountain.
      226 Beech Haven Rd, Banner Elk, NC 28604
      View Details
    • New
      $599,000
      0.69 Acres

      Mixed-Use Building with Rental Income

      Commercial building with retail space and apartment rental income.
      10545 Nc Hwy 105 Hwy S, Banner Elk, NC 28604
      View Details
    • $1,095,000

      Multi-Use Building Near Beech Mountain

      Versatile property with office space and income-generating residential units.
      3026 Beech Mountain Pkwy, Banner Elk, NC 28604
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use property with retail space and apartment rentals.
    Where is this mixed-use property located?
    The property is located at 10545 Nc Highway 105 Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 105 with excellent visibility.; - Significant rental income potential from two large 3-bedroom apartments.; - Large retail space (5,500 sq ft) with offices and loading area, adaptable for various uses.
    (888) 584-9431
    Request Owner's contact information
    10545 Nc Highway 105 Banner Elk, NC 28604
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    Banner Elk, NC 28604
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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
    10545 Nc Highway 105 Banner Elk, NC 28604
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