129 Alnic Lane, Banner Elk, NC

$2,750,000

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9.00

Acres

About 129 Alnic Lane

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!

Features of 129 Alnic Lane

MLS® # 247239
Price $2,750,000
Bathrooms 0.00
Acres 9.00
Year Built 2000
Type Commercial Sale
Sub-Type Building/Land
Status Active

Community Information

Address 129 Alnic Lane
Area 5-Watauga, Shawneehaw
Subdivision None
City Banner Elk
County Watauga
Province NC
Postal Code 28604

Amenities

Utilities Septic Available, High Speed Internet Available
Parking Parking Space(s), Paved
Garages Parking Space(s), Paved
Is Waterfront No
Has Pool No

Interior

Heating Electric, Heat Pump, Baseboard, Fireplace(s), Other, See Remarks
Cooling 3+ Units, Other, See Remarks
Fireplace Yes
Fireplaces Propane
Has Basement No

Exterior

Exterior Log, Wood Frame, Wood Siding
Exterior Features Fence, Horse Facilities, Out Building(s)
Roof Shingle, Asphalt, Metal
Construction Log, Wood Frame, Wood Siding

School Information

Elementary Valle Crucis
High Watauga

Additional Information

Date Listed December 29th, 2023
Days on Market 26
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams High Country
Contact Info(828) 773-5240

Listing Map

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