$10,000. PRICE REDUCTION!! THIS RUSTIC MOUNTAIN STYLE COMMERCIAL PROPERTY HAS STATE HIWAY 194 FRONTAGE WITH A ZONING CLASSIFICATION OF C1-P JUST A QUARTER MILE FROM THE STOPLIGHT IN BANNER ELK! GOOD VISIBILITY WITH OFF STREET PARKING AND WITH A CONDITIONAL USE PERMIT FROM THE TOWN FOR PARTIAL RESIDENTIAL USE PERMITTED! RECENT KITCHEN AND BATH REMODEL INCLUDING NEW APPLIANCES AND A NEW MINI-SPLIT HEATING/AIR CONDITIONING SYSTEM! LOTS OF COVERED STORAGE WITH MORE PARKING IN THE REAR OF THE BUILDING! THIS PROPERTY IS A VERY AFFORDABLE WAY TO ACQUIRE A COMMERCIAL LOCATION IN SOUGHT AFTER BANNER ELK! CHECK IT OUT!!
Over 170 feet of road frontage on Highway 105 and on 1.5 acres! Discover the charm and potential of this cabin located DIRECTLY on NC Highway 105. Offering great seasonal views of the iconic Grandfather Mountain, this property is an exceptional opportunity for those seeking a potential small business location or a fixer-upper project. This cabin offers a blank canvas for those with a vision to create their dream! Please note, this is not a turn-key property. The seller makes no representation regarding the condition of the house, roof, foundation, or any other aspect of the building. Per tax records, the cabin is 1052 square feet, THOUGH IT CURRENTLY HAS NO HEATED LIVING SPACE, relying solely on an old woodstove for heating. The water supply comes from a shared well on an adjacent property, though there is no recorded shared well agreement. Additionally, the property includes a handmade log shed in the backyard.
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!
The median home value in Banner Elk, NC is $750,000. This is higher than the county median home value of $275,800. The national median home value is $338,100. The average price of homes sold in Banner Elk, NC is $750,000. Approximately 29.18% of Banner Elk homes are owned, compared to 14.73% rented, while 56.09% are vacant. Banner Elk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Banner Elk real estate agent to arrange a tour today!
Banner Elk, North Carolina has a population of 1,350. Banner Elk is less family-centric than the surrounding county with 10.75% of the households containing married families with children. The county average for households married with children is 23.97%.
The median household income in Banner Elk, North Carolina is $58,333. The median household income for the surrounding county is $46,383 compared to the national median of $69,021. The median age of people living in Banner Elk is 21.5 years.
The average high temperature in July is 74.5 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 55 inches per year, with 41.5 inches of snow per year.