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    OFF-MARKET
    Grocery and convenience stores

    2015 Tynecastle Hwy, Banner Elk, NC 28604-9710

    4,720 SF 0.95 ac lot Built 1980
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US53-2566324
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ATM (Scotchman Store) Atm
    • Western Union Bank Credit Union
    • Scotchman Store Grocery & Convenience Store
    • Carolina Petro Gas Station
    • Nguyens Asian Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rilp Nc2 LP · 7 yrs held
    Rilp Nc2 LP
    since 2018
    4 recorded transactions
    2018
    2008
    2008
    2007
    $500,000
    Zoning & alternative use
    C2 · Banner Elk, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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