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FISHERMEN!! Own your own section of regularly stocked trout waters!! 4.91 acres with river frontage on the Watauga River and on Hwy 105 in the heart of Foscoe. Wetlands can be an ASSET. The seller says the buyer can potentially recover much of the purchase price. +/-2ac are "high-quality wetland." These wetlands can likely be approved as bankable acres and sold to a developer for permanent protection in exchange for acres the developer will destroy elsewhere for their development. In commercial areas such as the NC 105 corridor in Foscoe, such banked wetland acres may sell for a high price per acre, depending on market factors, location, and quality. There is no guarantee, but a place to start a search on the subject is: http://www.easillc.com/mitigation- Or donate to the Nature Conservancy. So many possibilities. A large area is in the floodplain, which means you can build as long as you elevate above the floodplain and get the necessary Corps of Engineers and County approvals. Unique commercial property in a growing location in a high-traffic area. This is a rare one-of-a-kind opportunity! ZONED Mixed Commercial- Residential. Approximately 250' of river frontage.
| DAYS ON MARKET | 913 | LAST UPDATED | 2/7/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 0 |
| COMMUNITY | 5-Watauga, Shawneehaw | COUNTY | Watauga |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| Elementary School | Valle Crucis |
|---|---|
| High School | Watauga |
| PRICE HISTORY | |
| Prior to May 10, '22 | $180,000 |
|---|---|
| May 10, '22 - Jun 26, '23 | $160,000 |
| Jun 26, '23 - Feb 7, '24 | $130,000 |
| Feb 7, '24 - Today | $110,000 |
| ADDITIONAL DETAILS | |
| AREA | 5-Watauga, Shawneehaw |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 5 |
| EXTERIOR | Other |
| LOT | 4.91 acre(s) |
| LOT DESCRIPTION | Level, Waterfront |
| SEWER | Septic Needed |
| SUBDIVISION | None |
| TAXES | 670 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), River |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Creek, River Front, Stream |
| ZONING | Other-See Remarks |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Margo Lenmark, Allen Tate Realtors Boone, 828-278-8337
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