129 Alnic Lane, Banner Elk, NC 28604 (MLS # 247239)

Save to Favorites
Print
Share
PRICE $2,750,000 dsIDX morgage calculator
SIZE 4,380 sqft
LOT SIZE 9.00 ac

Don't miss this enchanting 5-cabin property on 9 acres, including 6 acres of untapped potential on the ridge, located in a prime Banner Elk location in Watauga County. Offering excellent advertising opportunities in both Watauga - Boone, Blowing Rock - and Avery - Banner Elk, Sugar Mountain, Beech Mountain - counties, this property boasts a custom website and a central location that is convenient to numerous local attractions and towns. Adjacent to a renowned historic inn, the property boasted strong rental income in 2022 & 2023"”perfect for a high-ROI venture from day one and room to grow. The heart of the Valle Crucis Historic District hosts these five captivating cabins with a central green space, currently used as a community dog park, and multiple other fenced areas for possible further development. Find one studio cabin, one 1 bedroom/1 bath cabin, two 2 bedroom/1 bath cabins, and a luxurious 2 bedroom/2 baths cabin"”all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Look forward to lighted pathways guiding your guests to the neighboring inn for delightful evenings of delectable dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals and potential for further commercial or residential expansion to be built above - capitalize on this incredible investment opportunity now! Envision the possibilities with BUILDABLE 6 acres complete with a 6 BR septic permit and well permit. Build your dream single-family residence or multiple cabins along the ridge, while taking advantage of a roughed-in road and available building sites. Explore further revenue growth with additional cabin builds, added amenities, or event spaces! Enjoy an established revenue stream as you embark on a successful journey with this picturesque oasis in the heart of the High Country. Come see this delightful property today!

DAYS ON MARKET 58 LAST UPDATED 12/29/2023
TRACT None YEAR BUILT 2000
COMMUNITY 5-Watauga, Shawneehaw COUNTY Watauga
STATUS Active PROPERTY TYPE(S) Commercial

SCHOOLS
Elementary School Valle Crucis
High School Watauga


ADDITIONAL DETAILS
AIR Other
AIR CONDITIONING Yes
AREA 5-Watauga, Shawneehaw
BUYER'S BROKERAGE COMPENSATION 2.5
CONSTRUCTION Log, Wood Siding
HEAT Baseboard, Electric, Fireplace(s), Heat Pump, Other, See Remarks
LOT 9 acre(s)
PARKING Paved
SEWER Septic Tank
SUBDIVISION None
TAXES 4833
WATER Well
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Amy Spell to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by Mary Baker, Keller Williams High Country, (828) 773-5240

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

This IDX solution is (c) Diverse Solutions 2024.