Property profile

2015 Tynecastle Hwy Banner Elk, NC 28604

OFF-MARKET
Grocery and convenience stores
Property ID
US53-2566324
4,720 SF 0.95 ac lot Built 1980
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional offering presents two prime retail outparcels in Banner Elk, North Carolina, ideally situated at 2015 Tynecastle Hwy, zip code 28604. The property boasts a highly desirable location adjacent to a Lowe's Home Improvement Center, ensuring excellent visibility and convenient access for potential businesses. Two lots are available, providing flexibility for various development plans. Lot 1 encompasses approximately 4.8 buildable acres, including an additional 6.1 acres featuring a pond and sloped areas. This lot offers significant potential for larger-scale retail development. Lot 2 comprises approximately 1.1 acres, providing a more compact option for smaller retail ventures. Both lots benefit from existing infrastructure, including readily available utilities, a completed stormwater management system, rough grading, and established driveways and roads. This turnkey opportunity minimizes development hurdles and allows for a swift commencement of construction. The property's location in Avery County, North Carolina, offers a thriving market and strong potential for return on investment. The combined acreage provides a unique opportunity for either individual development or a cohesive retail center. This is an exceptional chance to acquire prime retail land in a high-traffic area with significant growth potential.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1980
Construction CONCRETE
Total area 4,720 SF
Lot 0.95 ac (41,382 SF)
Zoning code C2
APN 18580053855700000
UPID US53-2566324

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Bank Credit Union
  • Grocery & Convenience Store
  • Gas Station
  • Restaurant

Location

2015 Tynecastle Hwy Banner Elk, NC 28604-9710
Banner Elk metro Census 930100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2008
Price N/A
2008
Price N/A
2007
$500,000

Zoning & alternative use

C2 · Banner Elk, NC

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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