444 S Beech Mountain Pky - Residential Income FOR SALE


Banner Elk, NC 28604
$1,695,000 USD
828-789-9426
444 S Beech Mountain Pky, Banner Elk, NC for Sale
$1,695,000 USD
Residential Income - FOR SALE
1/48
null | Request Cap Rate

444 S Beech Mountain Pky
Banner Elk, NC 28604


HIGHLIGHTS

  • Plenty of nicely landscaped outside space with the ability to add an additional structure approximately 16'x40'. Located on high traffic road
  • Multi-use such as live/work or income producing apartment (1300 sq. ft.) and utilize the commercial side for a business.
  • Move-in ready for dorm-style employee housing (sleeps min. 20) or easily convert to a coffee shop, tap room, or restaurant.

OVERVIEW

Move to the mountains and have your own business and personal housing under one roof. This "hybrid" property has both commercial and residential zoning. An exceptional live/work property with a 1300 sq. ft. apartment (2 bedrooms/1 bath) to live in while operating your business in the remaining portion. This property was previously home to the Beech Haven Restaurant for 20 years and was the most popular restaurant in town. Completely renovated down to the studs in 2015 to be used as an upscale hostel, this property can sleep 16+ on the commercial side plus 4 in the apartment. Has been end-user/owner-occupied since 2014 as a Realty office and private residence. It is move-in ready for dorm-style employee housing/group home/hostel (sleeps a minimum of 20 people) or there are many other uses such as a construction office, taproom, restaurant, coffee shop/tearoom, retail/office space; just use your imagination! Downstairs includes a shower room featuring 3 private showers and a double vanity, plus there are two 1/2 bathrooms. The large parking lot will accommodate a food truck, enhancing a coffee shop or pub/taproom. Fenced-in dumpster and 4'x8' grease trap are in place; the grease trap can be reconnected for a commercial kitchen. 192 feet of road frontage on Beech Mountain Parkway and all vehicles traveling to and from Beech Mountain pass by this property. Plenty of beautifully landscaped outdoor space and located only 1/2 mile from downtown Banner Elk. City water/sewer and natural gas with a tankless gas hot-water heater. There is flat land on the property for a vegetable garden or build an additional building/structure/garage of approximately 16'x40'. The property has a special use permit for residential use and is commercially zoned as C2, also listed as a residential property (see MLS #247900). There are very few commercial properties for sale in Banner Elk and this is one-of-a-kind. Owner will consider a lease.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

444 S Beech Mountain Pkwy., Banner Ek NC

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C2

APN/PARCEL ID

18591701823600000

ASK ABOUT THIS PROPERTY

Holly OgleOgle RealtyMore Info
828-789-9426

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Holly OgleOgle RealtyMore Info
828-789-9426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.