2015 Tynecastle Hwy, Banner Elk, NC 28604-9710
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.
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ATM (Scotchman Store) Atm
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Western Union Bank Credit Union
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Scotchman Store Grocery & Convenience Store
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Carolina Petro Gas Station
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Nguyens Asian Grill Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Banner Elk, NCBanner Elk. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.