Building Details

Year Built 1920

Listing Agency: ASHE COUNTY REALTY b***@skybest.com Show Phone

Listed By: BEVERLY BLACK

Source: Corcoran

Added: Mar 3 Changed: Aug 20 Last Checked: Aug 20 at 4:18AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASHE COUNTY REALTY

Investment Insights

Based on property information with market context.

The legendary Shatley Springs Restaurant, dating back to 1920, presents a remarkable real estate investment opportunity. The property includes seven cabins, with five additional cabins suitable for conversion into gift shops or ice cream parlors. Furthermore, there are two one-bedroom homes available for rental, enhancing the property’s income potential. The property is known for its Shatley Springs Water. Potential uses include a wedding venue or winery, or maintaining its country charm with homestyle cooking. Behind the restaurant, a lake and pond are framed by Airbnb cabins. The property features 2,950 feet of frontage on US Hwy 16 N, 2,700 feet of frontage on Shatley Springs Rd, and over 850 feet of frontage on Shelter Baptist Church Rd. The sale includes all social media accounts, the website, and the name. Enhancements were made in 2022 and 2023. The property has over 40,000 followers on Facebook.

Key Highlights

• Iconic restaurant property with established reputation and strong brand recognition.
• Significant income potential from seven cabins and two one‑bedroom rental homes.
• Extensive road frontage on US Hwy 16 N (2,950 ft), Shatley Springs Rd (2,700 ft), and Shelter Baptist Church Rd (850 ft).

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist

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

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,557 visits/mo 0.3 miles

Demographics for 28617, NC

2,343

Population

1,218

Households

1.9

Avg Household Size

48

Median Age

24%

College-Educated

92%

High-School Grad

35.2 sq mi

ZIP Area

67

Density / Sq Mi

$56,667

Median Household Income

$33,241

Median Earnings

$743

Median Rent

$198,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant with cabins, homes, and water source on US Hwy 16.

Where is this conventional restaurant located?

The property is located at 436 Shatley Springs Road Crumpler, NC.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Iconic restaurant property with established reputation and strong brand recognition.; Significant income potential from seven cabins and two one‑bedroom rental homes.; Extensive road frontage on US Hwy 16 N (2,950 ft), Shatley Springs Rd (2,700 ft), and Shelter Baptist Church Rd (850 ft).