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East Pointe Real Estate Group
East Pointe Real Estate Group
info@eastpointegroup.com +1(919) 648-4850$ 1,700,000
Est. payment /mo
Active
61 Depot ST Bryson City, NC 28713
39,245 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 39,245 sqft
Price per Sqft $43
MLS Listing ID 98544446
Style Steel Frame
Year Built 1950
Lot Size 0.576 Acres
Acres 0.57
Lot Dimensions 0.5760
Source Hive MLS
Property Description
A rare downtown Bryson City asset combining scale, location, and repositioning upside in one of Western North Carolina's most tourism-driven markets. Located in the heart of downtown directly across from the vibrant Great Smoky Mountain Railroad Depot, 61 Depot Street offers a rare opportunity to acquire a 39,254 SF mixed-use asset in one of Western North Carolina's most tourism-driven markets. Bryson City processes more visitor dollars through its local economy than towns five to ten times its size & this property combines in-place income with substantial value-add potential. The building features multiple income streams including CJ's Grille (~$3,900/month) & short-term rental units (~3,500/month), along with a large vacant former Nantahala Brewing Company space primed for reactivation. The brewery component alone presents an opportunity to generate an additional $5,000–$6,000 per month, restoring & potentially exceeding prior stabilized performance of an 8.75% cap rate. Situated on 0.576 acres with 165 feet of frontage on Depot Street, the three-story Class B structure offers flexibility for retail, restaurant, hospitality, or experiential redevelopment. The location benefits from consistent tourist traffic driven by the Great Smoky Mountains National Park and the railroad attraction directly across the street. Bryson City and Swain County continue to see strong tourism growth, with over $232 million in annual visitor spending and increasing demand for short-term rentals, dining, and destination experiences. This property is ideally positioned to capture that demand. Ideal for investors or owner-operators seeking a high-visibility, income-producing asset with significant upside through lease-up, repositioning, or redevelopment into a flagship destination property. Downtown Bryson City's combination of strong occupancy & diversified spending composition produces compelling attractive opportunities to leverage with this unique property into high cap rate
Location
State NC
County Swain
Zoning Other-See Remarks
Direction From Bryson City Evertett Street, goto Depot Street
Interior
Heating Heat Pump
Cooling Central Air
Flooring Concrete, Tile, Hardwood, Plank
Exterior
Parking Features Other
Utilities Available Cable High Speed, Fixed Wireless High Speed, Satellite Internet
Roof Type Insulated,Metal
Garage No
Building
Lot Description Level
Foundation Slab
Water Public
Others
Tax ID 667419519533
Virtual Tour https://my.matterport.com/show/?m=hAwZ8wsvFKW
Listed by Old Town Brokers
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