805 Shawneehaw Avenue, Banner Elk, NC 28604 (MLS # 244791)

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PRICE $8,495,000 dsIDX morgage calculator
SIZE 97,680 sqft
LOT SIZE 50.92 ac

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!

DAYS ON MARKET 291 LAST UPDATED 2/10/2024
TRACT None YEAR BUILT 1960
COMMUNITY 8-Banner Elk COUNTY Avery
STATUS Pending PROPERTY TYPE(S) Commercial

SCHOOLS
Elementary School Banner Elk
High School Avery County


ADDITIONAL DETAILS
AIR Electric
AIR CONDITIONING Yes
AREA 8-Banner Elk
BUYER'S BROKERAGE COMPENSATION 5
CONSTRUCTION Brick, Wood Siding
EXTERIOR None
HEAT Electric, Heat Pump
LOT 50.92 acre(s)
SEWER Public Sewer
SUBDIVISION None
WATER Public
ZONING C-2,General Business,R2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Sean Spradling, Grandfather Realty, (828) 963-2930

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