Listing provided courtesy of Old Town BrokersMLS# 98544446MLS Provider
  • 28 days on site
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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

Source: Hive MLS, MLS#: 98544446

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  • Property Type
    Commercial Sale
  • Lot
    0.57 acres

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Chris Prince

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  • Median Age
    46
  • Population Density
    65
  • College Educated
    35%
  • Estimated Median Income
    $45,486
  • Estimated Total Home Owners
    2,852
  • Estimated Total Renters
    917
  • Owner / Renter Divide
    76% / 24%
  • Estimated Average Household Size
    2
  • Total Population
    9,094
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Life at 61 Depot Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

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