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.

Listing Tools

Property Details of 20826 Great Smoky Mountain Expressway

Property Details

Exterior Features

Utilities and Appliances

Other Details

Map Location

Listed by Matthew Wells of Keller Williams Great Smokies ([email protected])

Broker Reciprocity © 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of May 16, 2026 3:45 AM EDT . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from GreyBeard Realty. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.