10298 NC Highway 105, Banner Elk, NC 28604

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!