Ideal hotel site in growing tourism town

4 Town Square Burnsville, NC 28714

4 Town Square, Burnsville, NC, 28714
Aerial view
4 Town Square, Burnsville, NC, 28714
FOR SALE
Property Type:
Other Land
Amount:
$775,000
Last Verified:
Jun 07, 2019

Highlights

  • Easily buildable site with utilities
  • Adjacent cross street could be made into a private drive
  • Feasibility study available upon request
  • County and city tax grant incentives available
  • Additional parcel bordering the highway may be added to enlarge the site
  • High-speed Internet available in city

Description

This site is ideally located near the center of town with walking access to all the retail and numerous local festivals, with highway visibility. A branded hotel here would be the only one in Yancey County or neighboring Mitchell County, home of Mt. Mitchell, the tallest peak east of the Mississippi. The area is also nationally renowned for locally produced crafts (pottery, glass, furniture, etc.) Rt. 19 has recently been named a state scenic highway. The Blue Ridge Parkway has an exit at nearby Spruce Pine, about 15 miles away.

Adjacent to the town square and next to the Town Center with visibility from the 19E Bypass, this is an extremely desirable location near retail and high traffic.

Lot Size: 1.02 acres

Map of 4 Town Square, Burnsville, NC, 28714

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.