Mixed-Use Land for Sale in Banner Elk, North Carolina

805 Shawneehaw Ave Banner Elk, NC 28604

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$8,495,000
50.92 acres
Active sale agoEst $42,509/mo

Introducing a remarkable investment opportunity: the old Cannon Memorial Hospital including 50.92 prime acres located in Banner Elk, just moments away from Lees-McRae College, the Elk River, the town park, and a host of amenities including hiking/mountain bike trails, shopping, and great restaurants. This expansive tract boasts approval for multifamily (R-2) development, while the front two acres are already zoned for general business (C-2). Offering breathtaking views of the Mill Pond and Elk River, as well as captivating long-range vistas, this property presents an idyllic setting for those seeking privacy without compromising convenience. With multiple building sites, stunning views, endless investment opportunities, and an unbeatable location amidst the heart of Banner Elk, this is an unparalleled chance to create a unique, in-town community. Don't miss out on this extraordinary opportunity!

Sq feet
1960
Built

Property details

Coordinates
36.1566, -81.8669
Community
Banner Elk
Elevation
3,675 feet
MLS Number
HCAOR 244791
Date Posted

Resources

This 50.92-acre property is located at 805 Shawneehaw Ave in Banner Elk, NC 28604 with latitude 36.1566 and longitude -81.8669. The property is currently available for sale for $8,495,000. It has a structure built in 1960. Listing data is sourced from High Country Association of Realtors # 244791.

Verify sale details at the property source or contact Grandfather Realty at (828) 260-2600.

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Updated . Checked 1 hour ago. Parcel data by Regrid.

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