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114 Orchard Ln 3.7 Acres of Commercial Land Offered at $1,195,000 in Banner Elk, NC 28604
Investment Highlights
- Nestled in the active Mountain Community of Banner Elk
- 5 Minutes to Sugar Mountain Resort
- Banner Elk is the jewel of the High Country
- Across from Banner Elk Elementary School, just off Tynecastle Highway
- 15 Minutes from Grandfather Mountain
- Close to skiing, biking, hiking and golf
Executive Summary
Located at 114 Orchard Lane, this ±3.7-acre commercial site presents an exceptional development opportunity in the highly active mountain community of Banner Elk. Positioned just off Tynecastle Highway and less than a mile from the major Highway 105 intersection, the Mixed Use-zoned property offers incredible accessibility and versatility. The site is perfectly suited for a variety of uses, including retail, multi-family, or hotel development. With its central location directly across from Banner Elk Elementary School and within minutes of Sugar Mountain Resort, Grandfather Mountain, and Downtown Banner Elk, this parcel provides prime access to the region’s top destinations and a booming local tourism market.
Property Facts
1 Lot Available
Lot
| Price | $1,195,000 | Lot Size | 3.70 AC |
| Price Per AC | $322,972.97 |
| Price | $1,195,000 |
| Price Per AC | $322,972.97 |
| Lot Size | 3.70 AC |
Description
114 Orchard Lane (Hwy 184) in Banner Elk is less than a mile from the major intersection at Highway 105, and a short drive to Grandfather Mountain, Sugar Mountain, Beech Mountain, and Downtown Banner Elk! This ± 3.7 acreage commercial site is adjacent to Tynecastle Highway and provides for a number of development opportunities, including the potential for a hotel, multi-family/condos, retail, and more! A central location makes this an easily accessible tract for tourists visiting the ski slopes and National Park Service land, with Grandfather Mountain and Linville both in close proximity!
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $483,600 | Total Assessment | $483,600 |
Property Taxes
Parcel Numbers
Land Assessment
$483,600
Improvements Assessment
$0
Total Assessment
$483,600
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