61 Depot Street

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