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    Tynecastle Hwy Banner Elk, NC 28604

    For Sale
    $2,250,000

    17.88 Acres, Hwy 184 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17.88-acre commercial land parcel is strategically located on Tynecastle Highway (Highway 184) in Banner Elk, North Carolina, less than a mile from the intersection of Highway 105. Boasting ample highway frontage and high visibility, this property offers unparalleled access and exposure. Its central location provides easy access for tourists visiting nearby Sugar Mountain, Beech Mountain, and Grandfather Mountain, as well as the Blue Ridge Parkway and Linville. The site enjoys stunning views of Sugar Mountain, Beech Mountain, and the surrounding valley, extending towards Tennessee. With its significant size and prime location, this tract presents endless development possibilities, including hotels, multi-family dwellings, condominiums, and retail spaces. The property's proximity to major ski resorts and downtown Banner Elk further enhances its investment potential. The asking price is $2,250,000. The property's address is Tynecastle Hwy, Banner Elk, NC 28604, and is situated in Avery County. This large commercial tract offers a unique opportunity for significant development in a high-demand tourist destination. The property's substantial highway frontage ensures excellent visibility and accessibility. A short drive connects this location to the downtown area of Blowing Rock.

    Property Features for 0 Tynecastle Hwy

    General Information

    Property type
    Land
    Lot Size
    778,853 SF

    HighLights

    • 17.88‑acre commercial land parcel near major ski resorts.
    • Significant highway frontage on Tynecastle Highway (Highway 184).
    • Short drive to downtown Blowing Rock.
    • Large commercial tract ideal for various developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Banner Elk
    County
    Avery
    State
    North Carolina
    Longitude
    -81.848232612459
    Latitude
    36.12727303449

    Nearby Comparable

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      Mountain Top Resort Development Land

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    • $1,295,000

      Banner Elk Commercial Land Opportunity

      Commercial land near ski slopes and tourist attractions.
      1 Orchard Ln, Banner Elk, NC 28604
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    Nearby Similar for Sale

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    • $599,000
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      Mixed-Use Building with Apartment Income

      Large mixed-use property with retail space and apartment rentals.
      10545 Nc Highway 105, Banner Elk, NC 28604
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    • $599,000
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      Mixed-Use Building with Rental Income

      Commercial building with retail space and apartment rental income.
      10545 Nc Hwy 105 Hwy S, Banner Elk, NC 28604
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    • $1,095,000

      Multi-Use Building Near Beech Mountain

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      View Details

    FAQs

    What type of property is this?
    Land - 17.88 Acres, Hwy 184 Frontage
    Where is this land located?
    The property is located at Tynecastle Hwy Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 17.88-acre commercial land parcel near major ski resorts.; Significant highway frontage on Tynecastle Highway (Highway 184).; Short drive to downtown Blowing Rock.
    Request Owner's contact information
    Tynecastle Hwy Banner Elk, NC 28604
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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
    Tynecastle Hwy Banner Elk, NC 28604
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