10298 Nc Highway 105, Banner Elk, NC

$1,200,000

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14.95

Acres

About 10298 Nc Highway 105

This large, gently laying 14.95 +- acre tract near Boone, North Carolina in the Foscoe community has outstanding highway exposure with over 500 feet of frontage on a major commercial corridor. Most of the acreage is beautiful, open pasture land. The property on NC Highway 105 South is only minutes from Boone, Banner Elk, and Linville. Several ski and other winter resorts along with upscale housing communities are nearby. Majestic views of Grandfather Mountain can be enjoyed from the property. This is a perfect site for a major retail center, hotel / motel location, nursing home / assisted living facility, golfing center, multifamily and single family housing community, etc. Highway District zoning allows for many permissible uses. The property can be subdivided. One concept plan provides for a commercial area along the frontage plus 188 multifamily bedrooms in the rear. Details are available. The two houses and barn add no value to the property. Over the last several months there has been a HUGE PRICE REDUCTION from $1.8 million to $1.2 million, and the tract is now priced to sell!

Features of 10298 Nc Highway 105

MLS® # 194337
Price $1,200,000
Bathrooms 0.00
Acres 14.95
Type Land
Sub-Type Commercial
Status Active Under Contract

Community Information

Address 10298 Nc Highway 105
Area 8-Banner Elk
City Banner Elk
County Watauga
Province NC
Postal Code 28604

Amenities

Utilities Cable Available, High Speed Internet Available, Phone Available
Features Rolling Slope, Split Possible
View Mountain(s), Pasture, Southern Exposure
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Rolling Slope, Split Possible

School Information

Elementary Valle Crucis

Additional Information

Date Listed September 28th, 2015
Days on Market 2340
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeWeber, Hodges, & Godwin

Listing Map

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