Investment at 120 Pennwill Parkway, West Jefferson NC 28694
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$240,000

120 Pennwill Parkway, West Jefferson NC 28694
West Jefferson, NC 28694
Listed by Holly Richardson
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Prime Location in Downtown West Jefferson. This rare vacant lot zoned for commercial and residential use, has 134 ft of road frontage & is ready for your next big idea. With public utilities available the groundwork is already in place to bring your vision to life. Think coffee shop with drive-thru, Car Wash, Professional Offices, or Condo's.. a mixed use concept that captures steady traffic. High visibility and easy access from the road. Priced to sell and below tax value in High Country's downtown area. Bonus investment - Seller also owns property across the street that is currently For Sale MLS#1199630 opening the door for a larger footprint or future expansion. Opportunities like this don't come along often - bring your ideas and capture West Jefferson's continued growing momentum.

Property details

MLS
Triad MLS
MLS #
1207134
Property type
Investment
Subdivision
N/A
Status
Active
Days on market
250
On market date
January 21, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.65 acres
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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
Westwood Elementary
3.47 mi away · Grades 0-6
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
474
Student:teacher ratio
12.5:1
District
Ashe County Schools
Middle
Ashe County Middle
4 mi away · Grades 7-8
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
453
Student:teacher ratio
12.9:1
District
Ashe County Schools
High
Ashe County High
1.26 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
778
Student:teacher ratio
15.9:1
District
Ashe County Schools

Walkability

Blended score for West Jefferson'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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

43
Somewhat walkable
out of 100
EPA National Walkability Index
8.5 / 20 -- Below average walkable

Mortgage calculator

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

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Est. monthly payment
$1,595/mo
$48,000 down
$192,000 loan
Principal & interest$1,245
Property tax (est.)$200
Home insurance (est.)$150

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Data source: Listing information provided by Triad MLS via Trestle/CoreLogic. Last updated 13 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.