Property summary
This exceptional redevelopment opportunity presents a unique chance to capitalize on a prime location in McDowell County, North Carolina. Situated on nearly 2.5 acres (108,900 sq ft) at a highly visible four-way interchange of the Blue Ridge Parkway (Milepost 331) and NC Highway 226, this property boasts 1,547 feet of road frontage, including an impressive 450 linear feet of visibility on the Parkway itself. The existing structures, totaling 7,405 square feet across three buildings,… previously housed a successful 20-room hotel, retail space, and a restaurant that generated over $600,000 in revenue during a six-month period. The property offers breathtaking 180-degree panoramic mountain views, making it an ideal location for a destination restaurant or other hospitality venture. The site is conveniently located near major area employers, including mining operations, manufacturing facilities, a regional hospital, and educational institutions, ensuring a strong local customer base. With a 2022 daily traffic count exceeding 12,000 vehicles on the surrounding highways, this property offers unparalleled visibility and access. The asking price is $685,000, representing a price per square foot of $92.51. The property's location within a short drive of Spruce Pine, Little Switzerland, Marion, I-40, and Lake James, along with its proximity to Asheville and Charlotte, further enhances its appeal. This is a rare opportunity to acquire a valuable asset in a thriving tourism region with a low tax environment and strong economic fundamentals. The buildings are one story high and were built in 1955. No specific zoning is permitted.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,405 SF
- Year built
- 1955
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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