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    23175 Linville Falls Hwy Newland, NC 28657

    For Sale
    $675,000

    Iconic eatery, prime location, high potential.

    Property size:
    3,186 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    Louise's Rock House Restaurant, a renowned landmark, presents a unique investment opportunity. This historic establishment, featured on WBTV, is situated on a 0.97-acre lot at the tri-point of Burke, Avery, and McDowell Counties, offering a truly one-of-a-kind location. The 3,186 square foot building, constructed of rock, is known for its famous rhubarb pie and enjoys a high-traffic location on US 221 N, directly across from the Linville Falls Lodge. Its proximity to Linville Caverns and Linville Winery further enhances its appeal. The main level houses the well-maintained kitchen and main dining area, while the upstairs provides a private dining space suitable for alternative uses, such as retail. All kitchen equipment is included in the sale. The property boasts ample parking with 25 spaces. This is a rare chance to acquire a piece of local history with significant potential for continued success or innovative redevelopment. The building's unique location and established reputation offer a compelling investment opportunity for a discerning buyer. The property's versatility and established customer base make it an attractive proposition for various business ventures.

    Property Features for 23175 Linville Falls Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,186 SF
    Lot Size
    42,253 SF

    Building Details

    Year Built
    1936
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Hotel & Motel Grocery Store Garden Center Convenience Store Department Store Seafood Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Newland
    County
    McDowell
    State
    North Carolina
    Longitude
    -81.9138
    Latitude
    36.03198

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic eatery, prime location, high potential.
    Where is this commercial real estate located?
    The property is located at 23175 Linville Falls Hwy Newland, NC.
    What is the asking price?
    The asking price for this property is $675,000.
    (828) 391-5151
    Request Owner's contact information
    23175 Linville Falls Hwy Newland, NC 28657
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    Newland, NC 28657
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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
    23175 Linville Falls Hwy Newland, NC 28657
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