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    6460 Banner Elk Pkwy Elk Park, NC 28622

    For Sale
    $985,000

    Versatile commercial property with high visibility and ample parking.

    Property Features for 6460 Banner Elk Pkwy

    General Information

    Standard status
    Active

    Building Details

    Year built
    1974

    Source: BLUE RIDGE BROKERAGE Agent AMY LABARRE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property Near Banner Elk

    This commercial property, currently home to the Elk River Depot Restaurant, is strategically located 12 minutes from downtown Banner Elk and 9 minutes from downtown Newland. Situated on a highly visible corner lot at Hwy 19E and NC Hwy 194, the property offers 4,370 square feet of space. The site features excellent road frontage, easy access, and ample parking. Zoned for commercial use, the property is suitable for a wide range of commercial ventures. Potential uses include industrial office and yard space, charter school or educational facility, church or community center, convenience store or retail establishment, restaurant, or medical or professional offices. This property presents an opportunity to invest in a growing corridor.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Elk Park
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9572
    Latitude
    36.1731

    FAQs

    What type of property is this?
    Restaurant - Versatile commercial property with high visibility and ample parking.
    Where is this restaurant located?
    The property is located at 6460 Banner Elk Pkwy Elk Park, NC.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Prime commercial location: 12 minutes from Banner Elk and 9 minutes from Newland.; - **High visibility corner lot at Hwy 19E and NC Hwy 194.**; - **4,370 square feet of versatile commercial space.**
    (828) 265-2199
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    6460 Banner Elk Pkwy Elk Park, NC 28622
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    Elk Park, NC 28622
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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
    6460 Banner Elk Pkwy Elk Park, NC 28622
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