Unimproved Commercial at 3127 Memorial Highway, Lake Lure
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$849,000

3127 Memorial Highway
Lake Lure, NC 28746
Listed by Chris Gragtmans · Keller Williams Professionals
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1949

About this home

Truly one of a kind. Frontage like this, in a corridor like this, and at a moment like this… doesn’t show up often. This ~1.48 acre site boasts ~516 feet of frontage on the Rocky Broad River and Lake Lure! Just as the river enters the lake onsite, this property also represents the gateway between Chimney Rock Village and Lake Lure, which is a bulls eye for the region’s return. Just upstream of the former Flowering Bridge site, the land opens straight to the Rocky Broad River and Lake Lure proper with multiple road access points. It is a natural home for a river or lake recreation hub, food and beverage, lodging, or the hospitality concept the current owners advanced (development plans available upon request). A building pad sits above the 100 year floodplain, and an existing structure remains on-site, offered as-is with no value attributed… ready to reimagine. A kayak / SUP fleet is also on-site and negotiable. As this community is restored and reopens, public grants and comprehensive plans are in motion, and demand for river and lake recreation is only building. Reference the attached Raise the Rock plan for more info, with this property in the thick of it. CG (Commercial General) zoning allows for a variety of uses. The opportunity here is land, water and community stewardship, the rebuilding of Chimney Rock and Lake Lure, and the entrepreneurial value of planting your flag early. Call the listing agents.

Property details

MLS
Canopy MLS
MLS #
CAR4428552
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
1
On market date
September 28, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Pinnacle Elementary School
13.11 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
233
Student:teacher ratio
13.7:1
District
Rutherford County Schools
Middle
R-S Middle School
17.22 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
603
Student:teacher ratio
14.4:1
District
Rutherford County Schools
High
R-S Central High School
15.38 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
769
Student:teacher ratio
13.7:1
District
Rutherford County Schools

Walkability

Blended score for Lake Lure's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

17
Very car-dependent
out of 100
EPA National Walkability Index
5.7 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Lake Lure, from live MLS data.

On the market 1 days -- 232 fewer days than Lake Lure's current average of 233 days.
For reference, the median list price across 415 active listings in Lake Lure right now is $114,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,263/mo
$169,800 down
$679,200 loan
Principal & interest$4,405
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 26 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.