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Mixed-Use Property with Guest Quarters
For Sale
$995,000
Pending

1644 Broadstone Road, Banner Elk, NC 28604

Commercial, Banner Elk, NC

Property Size5,100 SF
Lot Size2.91 Acres
Days on Market198

Property Features for 1644 Broadstone Road

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Shulls Farm
Standard status Pending
Lot size 2.91 Acres

Building Details

Year built 1989
Listing Agency: Century 21 Mountain Vistas · Century 21 Real Estate
Listed By: Kim Mateiko
Added: Feb 28 Changed: Sep 13 Last Checked: Sep 14 at 10:06AM
MLS# 260165

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 5,100 SQ FT mixed-use property occupies approximately 2.91 acres and includes expansive rooms, flex areas, workshops, storage, two outbuildings, and 12+ parking spaces. A separate living area provides additional accommodation, office space, or rental functionality. The property is being offered furnished and is currently part of a rental program managed by the sellers.

Improvements include a real-stone exterior, granite kitchen countertops, repaired and newly installed hardwood flooring, renovated showers, updated entries and doors, new roofing, an outdoor brick terrace with stone fireplace, refreshed interior and exterior finishes, upgraded lighting, landscaping, replacement copper plumbing, a tankless gas water heater, exterior lighting, and multiple HVAC systems. Built in 1989, the property is located at 1644 Broadstone Road in Banner Elk, NC.

Key Highlights

  • 5,100 SQ FT mixed‑use property on approximately 2.91 acres
  • Separate living quarters provide additional accommodation or rental functionality
  • 12+ parking spaces plus two outbuildings

Property Analytics

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Current Use

Bed & breakfasts

Suggested Use

Top Pick Restaurant Bed & Breakfast Travel Agency Real Estate Agency Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

Demographics for 28604, NC

7,050
Population
9,148
Households
0.8
Avg Household Size
48
Median Age
44%
College-Educated
93%
High-School Grad
68.7 sq mi
ZIP Area
103
Density / Sq Mi
$64,052
Median Household Income
$31,341
Median Earnings
$932
Median Rent
$319,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Versatile property with separate living quarters, multiple outbuildings, and updated building systems on a substantial mountain parcel.
Where is this mixed-use property located?
The property is located at 1644 Broadstone Road Banner Elk, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,100 SQ FT mixed‑use property on approximately 2.91 acres; Separate living quarters provide additional accommodation or rental functionality; 12+ parking spaces plus two outbuildings
More about this property
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