Listing Agency: Blue Ridge Brokerage a**@blueridgebrokerage.com

Listed By: Scott Gordon · License #NC255653 Show Phone

Source: Exprealty

Added: Aug 13, 2025 Changed: Sep 5 Last Checked: Sep 11 at 10:59AM

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Investment Insights

Based on property information with market context.

This versatile commercial property totals 4,370 square feet and is currently home to the Elk River Depot Restaurant. The site sits on a highly visible corner lot and is offered with convenient ingress and egress plus ample parking, supporting day-to-day customer traffic and business operations.

The property is located along Hwy 19E at the intersection with NC Hwy 194, placing it within minutes of downtown Banner Elk (about 12 minutes) and downtown Newland (about 9 minutes). Its strong road frontage at a key junction supports frequent visibility from passing traffic.

Zoned for commercial use, the property is well-suited to a range of compatible concepts, including retail or convenience uses, restaurant operations, and potential uses such as medical or professional offices, industrial office and yard space, and community-oriented uses referenced in the zoning discussion.

Key Highlights

• 4,370 SF commercial property on a highly visible corner lot at Hwy 19E and NC Hwy 194
• Existing Elk River Depot Restaurant on‑site
• Zoned for commercial use with a wide range of potential business types

Property Analytics

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Current Use

Elk River Depot ... Restaurant U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Building Supply Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Real Estate Agency Pharmacy

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28622, NC

2,395

Population

1,896

Households

1.3

Avg Household Size

48

Median Age

13%

College-Educated

73%

High-School Grad

29.7 sq mi

ZIP Area

81

Density / Sq Mi

$45,169

Median Household Income

$33,798

Median Earnings

$702

Median Rent

$171,100

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial property with an existing restaurant, ample parking, and convenient access on a highly visible corner lot.

Where is this conventional restaurant located?

The property is located at 6460 Banner Elk Hwy Elk Park, NC.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 4,370 SF commercial property on a highly visible corner lot at Hwy 19E and NC Hwy 194; Existing Elk River Depot Restaurant on‑site; Zoned for commercial use with a wide range of potential business types