20826 Great Smoky Mountain Expressway
Waynesville, NC, 28786 $ 425,000
Bedrooms-- Baths-- Monthly Estimate*
$ 2,935
for $425,000. This building was built in 1958 on a lot size of 2.23.
Prime Commercial Opportunity Near the Blue Ridge Parkway 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.
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FeaturesGeneralSewer Septic Installed
Heating None
Cooling N/A
Roof Composition Flat
Patio/Porch Features Awning(s) Covered Porch Side Porch
Construction Materials Block Brick Partial
Year Built 1958
View Mountain(s) Water Winter
Stories Count 2
Property Subtype Hotel/Motel
Parcel Number 7684-70-6849
Elevation 3000
Waterfront Features None
Additional Parcels Description 7684-70-5914
County Haywood
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Agricultural Commercial Development Gardening Private Estate Residential
Other Structures Workshop
Directions From Asheville-I-40 West; Exit 27 for US-74 toward US-19/US-23/Clyde/Waynesville/Maggie Valley/Franklin/Murphy/Atlanta; Continue 12 miles; 0826 Great Smoky Mtn Expy is on right; Two entrances take se
City Waynesville
Senior Community Y/N N
Open Parking Spaces 15
Lot Size Units Acres
Carport Y/N Y
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 326300
Complex Name Balsam Motel
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InteriorBasement Full Storage Space Unfinished
Flooring Carpet Linoleum
Basement (Y/N) Y
Window Features Display Window(s)
Below Grade Finished Area 0
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ExteriorParking Features Attached Carport Driveway Parking Lot
Lot Features Creek Front Sloped Creek/Stream
Water Source Well
Total Parking 15
Inclusions Building Land
Lot Size Area 2.23
Foundation Details Permanent
Number of Buildings 4
Road Surface Type Paved
Covered Spaces 0
Road Frontage Type 4 Lane Highway Highway
Road Responsibility Publicly Maintained Road
Road Frontage 390
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* Excluded FeaturesList ByKeller Williams Great SmokiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,935
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Waynesville, NC
Average List Price $1,140,378
Percent of Sale Price 168%
About Waynesville, NC 10,446 Population
8% Since 2002
$ 39,520 Median Income
45.92 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $425,000 | -14.83% | Price Down |
| 5/22/2026 | $499,000 | -16.69% | Price Down |
| 1/5/2026 | $599,000 | | Listed Price |