0 Beds

n/a Full bath

n/a SqFt


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

Map View

This information is believed to be accurate, but without any warranty.