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    Tbd Hwy 184 Hwy Banner Elk, NC 28604

    For Sale
    $2,400,000

    Land - Banner Elk, NC

    Lot size:
    5.20 Acres
    Days on Market:
    166
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for Tbd Hwy 184 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.20 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Ronald Kent (888) 584-9431

    Listing date Jul 1, 2025

    MLS# 256590 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

    Prime Commercial Land in Banner Elk

    This prime commercial parcel is located in the heart of Banner Elk, North Carolina, featuring frontage on Hwy 184/Tynecastle Hwy. Situated adjacent to the High Country Square commercial center and across from the Best Western Hotel, the 5.2-acre site presents a rare opportunity for various commercial ventures. The property is within Banner Elk town limits and benefits from access to water, sewer, and natural gas services. It also features frontage on the Elk River. The location is close to both major ski slopes and Downtown Banner Elk. The site is suitable for a restaurant, hotel/boutique hotel, gas station, bank, real estate office, urgent care facility, retail space, office, or other commercial uses. This property is positioned in a resort market with few remaining commercial sites.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Banner Elk
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.8424
    Latitude
    36.1797

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    FAQs

    What type of property is this?
    Land - Commercial land with frontage on Hwy 184, ideal for development.
    Where is this land located?
    The property is located at Tbd Hwy 184 Hwy Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime commercial parcel in the heart of Banner Elk with frontage on Hwy 184/Tynecastle Hwy.; - Located in Banner Elk Town limits with Water, Sewer and Natural Gas.; - Adjacent to High Country Square commercial center and across the road from the Best Western Hotel.
    (888) 584-9431
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    Tbd Hwy 184 Hwy 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.

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    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
    Tbd Hwy 184 Hwy Banner Elk, NC 28604
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