0 Beds
n/a Full bath
n/a SqFt
Active
Introducing a remarkable investment opportunity: the old Cannon Memorial Hospital including 50.92 prime acres located in Banner Elk, just moments away from Lees-McRae College, the Elk River, the town park, and a host of amenities including hiking/mountain bike trails, shopping, and great restaurants. This expansive tract boasts approval for multifamily (R-2) development, while the front two acres are already zoned for general business (C-2). Offering breathtaking views of the Mill Pond and Elk River, as well as captivating long-range vistas, this property presents an idyllic setting for those seeking privacy without compromising convenience. With multiple building sites, stunning views, endless investment opportunities, and an unbeatable location amidst the heart of Banner Elk, this is an unparalleled chance to create a unique, in-town community. Don't miss out on this extraordinary opportunity!
Property Details | ||
|---|---|---|
| Price | $8,495,000 | |
| Lot Size Area | 50.92 | |
| Lot Size Area Units | Acres | |
| Property Type | Commercial | |
| MLS Sub type | N/A | |
| Year Built | 1960 | |
| Heating | Electric, Heat Pump | |
Geographic Data | ||
| Directions | From Boone, take Highway 105 to a right on Tynecastle Highway. Property is located on the right side of the road, across from the Mill Pond/Hickory Nut Gap Road. | |
| County | Avery | |
| Latitude | 36.156614 | |
| Longitude | -81.866901 | |
Address Information | ||
| Address | 805 Shawneehaw Avenue, Banner Elk, NC 28604 | |
| Postal Code | 28604 | |
| City | Banner Elk | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Grandfather Realty | |
| Listing Office Phone | 828-963-2930 | |
| Listing Agent | Sean Spradling | |
| Listing Agent Phone | 423-895-2023 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 5 | |
| Attribution Contact | sspradling@waterfrontgrp.com | |
| Sub Agency Compensation | 0 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Virtual Tour URL | https://drive.google.com/file/d/1eFchYtRwWDLev-e0erNE_0nyiWf7KX8m/view?t=80s | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Sep 13, 2023 | |
| Listing Last Modified | Sep 13, 2023 | |
| Tax ID | 1858-06-38-8527-00000 | |
| MLS # | CAR4069302 | |
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This information is believed to be accurate, but without any warranty.
