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0 Tynecastle Hwy Banner Elk, NC 28604

OFF-MARKET Land Google Maps
17.88 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 17.88 ac (778,853 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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