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    8500 Valley Blvd Blowing Rock, NC 28605

    Sponsored
    For Sale
    $650,000

    0.78 Acres, US Hwy 321

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.78-acre commercial land parcel is located at 8500 Valley Blvd, Blowing Rock, NC 28605, a high-visibility corner lot on US Highway 321 and Ransom Street. Zoned GB (General Business), it's ideally suited for retail development, particularly quick-service restaurants. The property boasts excellent accessibility and high traffic exposure due to its strategic location at a busy intersection with an AADT of 11,186. Adjacent to a Holiday Inn Express and near popular restaurants, this site benefits from existing commercial activity and offers significant customer engagement potential. Prior development plans are available. The asking price is $650,000, representing a below-market opportunity. The property has been surveyed, with topography data available. APN: 2817-14-0664-000. Ownership: Ransom Street, LLC. This information is for illustrative purposes only

    Property Features for 8500 Valley Blvd

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    HighLights

    • Completed topographic survey.
    • Annual Average Daily Traffic (AADT) of 11,186 vehicles.
    • Existing development plans on file.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Dental Office Restaurant Spa & Massage Auto Repair Shop Realty agency Hair Salon Nail Salon Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Blowing Rock
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.6712841
    Latitude
    36.1236603

    Nearby Comparable

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      Blowing Rock Commercial Condo For Sale

      2,032 SF commercial condo in the heart of Blowing Rock.
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    Nearby Similar for Sale

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    • $449,000

      Updated Condo Near Blowing Rock

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      Blowing Rock Commercial Condo For Sale

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      High Country Multifamily Investment

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    FAQs

    What type of property is this?
    Land - 0.78 Acres, US Hwy 321
    Where is this land located?
    The property is located at 8500 Valley Blvd Blowing Rock, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Completed topographic survey.; Annual Average Daily Traffic (AADT) of 11,186 vehicles.; Existing development plans on file.
    Request Owner's contact information
    8500 Valley Blvd Blowing Rock, NC 28605
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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
    8500 Valley Blvd Blowing Rock, NC 28605
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