20826 Great Smoky Mountain EXPY Waynesville, NC 28786
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4332918
Year Built 1958
Lot Size 2.230 Acres
Acres 2.23
Property Sub-Type Hotel/Motel
Property Description
An exceptional opportunity to acquire 2.3± acres of commercially positioned property in one of Western North Carolina's most heavily traveled and sought-after corridors. Located just minutes, and less than .4 mile, from the Blue Ridge Parkway, this property sits directly along the Great Smoky Mountain Expressway (US-23/74) with 390+ feet of four-lane road frontage, offering unmatched visibility between Waynesville and Sylva. Average daily traffic count is over 24,000, placing it squarely in the path of both local and tourist traffic year-round.
The property is home to the former Balsam Motel, along with a residential house and an additional building, all of which offer substantial potential for updating, repositioning, or complete redevelopment. With its combination of acreage, highway exposure, and proximity to major destinations, the site provides a flexible canvas for a wide range of commercial or investment uses. The motel part of the property (12 units) have sustained lots of water damage due to a long term leak in the roof. The property was last operated as a motel in the early to mid 1990s. The property will take substantial work and vision, but could provide tremendous potential to the next owner.
Visibility and accessibility define the value of this location. Direct access from a major highway, strong daily traffic counts, and immediate proximity to the Blue Ridge Parkway create a setting well suited for businesses or developments that benefit from consistent exposure. Surrounded by mountain views, outdoor recreation, and established regional attractions, the property sits at the crossroads of travel, tourism, and growth.
Whether envisioned as a revitalized motel or boutique lodging destination, a mixed-use or commercial redevelopment, a destination restaurant or retail concept, or a long-term investment in a high-demand mountain corridor, the possibilities here are extensive. Opportunities offering this level of frontage, location, and development flexibility are becoming increasingly rare in Western North Carolina.
Offered at 20826 Great Smoky Mountain Expressway in Waynesville, this property represents a compelling chance to secure a highly visible and versatile site in one of the region's most desirable and heavily traveled areas.
Location
State NC
County Haywood
Building/Complex Name Balsam Motel
Zoning Commercial Use
Rooms
Basement Full, Storage Space, Unfinished
Interior
Heating None
Flooring Carpet, Linoleum
Inclusions Building, Land
Exterior
Waterfront Description None
View Mountain(s), Water, Winter
Roof Type Composition,Flat
Street Surface Paved
Porch Awning(s), Covered, Porch, Side Porch
Total Parking Spaces 15
Building
Lot Description Creek Front, Sloped, Creek/Stream
Dwelling Type Site Built
Foundation Permanent
Sewer Septic Installed
Water Well
Structure Type Block,Brick Partial
New Construction false
Others
Senior Community false
Restrictions No Representation
Special Listing Condition None
GET MORE INFORMATION