Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2968 Us 70 Hwy Black Mountain, NC 28711

    View on Map
    Sponsored
    For Sale
    $1,000,000

    COMMERCIAL - Black Mountain, NC

    Property size:
    7,818 SF
    Lot size:
    1.70 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 7:06 pm

    Property Features for 2968 Us 70 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0609-32-0755-00000
    Size
    7,818 SF
    Lot size
    1.70 Acres

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Bill Roberts

    GreyBeard Realty (828) 669-1072

    Listing agent Bill Roberts (828) 674-7640

    Listing date Mar 5, 2026

    MLS# 4351082

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Black Mountain Investment Opportunity

    This offering features three income-producing properties situated on approximately 1.68 acres, presenting significant redevelopment potential. Building 1, with approximately 2,720 square feet, is currently utilized for automotive storage and repair. Building 2, with approximately 1,760 square feet, is also configured for vehicle storage and repair. Building 3, with approximately 3,338 square feet, comprises a hair salon, one residential apartment, and six self-storage units. The property is strategically located directly across from the Ingles corporate offices and distribution warehouse, a 120-acre campus encompassing more than 1.3 million square feet. The site benefits from strong visibility and accessibility along a well-established commercial corridor that includes businesses such as Goodwill, Black Mountain Tire, Pisgah Brewing Company, Hopey & Company, AutoZone, and Dollar General. The property is zoned HB-8, allowing for a wide range of residential and commercial uses. All utilities are available on-site. This asset offers multiple value-add opportunities, including holding for stable cash flow while expanding the existing self-storage component, repositioning for owner-user occupancy, or pursuing redevelopment for multifamily or mixed-use purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Shifty's Transmissions, Clements Automotive, Dolphin Automotive Repair, Hall's Towing & Recovery, German Motor Performance

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.35456083
    Latitude
    35.60726904

    Nearby Similar for Sale

    • $850,000
      1,394 SF

      Two Homes in Black Mountain

      Two homes on one property, ideal for multi-generational living.
      416 S Cherokee Ave, Black Mountain, NC 28711
      View Details
    • $1,900,000
      2.24 Acres

      Black Mountain Vacation Cabins For Sale

      Six craftsman-style vacation cabins near Asheville and Black Mountain.
      5 Chaucer Rd, Black Mountain, NC 28711
      View Details
    • $985,000

      Black Mountain Investment Opportunity

      Highway business zoned property near downtown Black Mountain.
      508 W State St, Black Mountain, NC 28711
      View Details
    • $1,100,000
      4,724 SF

      Black Mountain Investment Opportunity

      Highway business zoned property near downtown Black Mountain and Asheville.
      508 W State St, Black Mountain, NC 28711
      View Details
    • $1,369,000
      3.81 Acres

      Black Mountain Multifamily Investment Opportunity

      Four homes with mountain views and trail access in Black Mountain.
      951 Nc 9 Hwy, Black Mountain, NC 28711
      View Details
    • $2,990,000

      Restaurant/Bar with Redevelopment Potential

      Fully furnished restaurant/bar with redevelopment potential in Black Mountain.
      141 S Ridgeway Blvd, Black Mountain, NC 28711
      View Details
    • $1,600,000
      4,703 SF

      Historic Black Mountain Inn Opportunity

      Historic 1830 inn on 2.24 acres in Black Mountain.
      1186 Old Us 70 Hwy, Black Mountain, NC 28711
      View Details
    • $985,000

      Black Mountain Investment Opportunity

      Highway business zoned property near downtown Black Mountain.
      508 W State St, Black Mountain, NC 28711
      View Details
    • $1,950,000

      Black Mountain Redevelopment Opportunity

      Two assembled sites for investment, use, or redevelopment near I-26.
      701 Nc Highway 9, Black Mountain, NC 28711
      View Details
    • $3,250,000
      11,576 SF

      Historic Blue Ridge Inn for Sale

      Charming B&B with Restaurant, 17 rooms
      136 Dougherty St, Black Mountain, NC 28711
      View Details

    FAQs

    What type of property is this?
    Auto shop - Income-producing properties with redevelopment potential in Black Mountain, NC.
    Where is this auto shop located?
    The property is located at 2968 Us 70 Hwy Black Mountain, NC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Significant redevelopment potential on approximately 1.68 acres.; - Three income-producing buildings providing immediate cash flow.; - Strategically located across from Ingles corporate offices and distribution warehouse.
    (828) 669-1072
    Request Owner's contact information
    2968 Us 70 Hwy Black Mountain, NC 28711
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2968 Us 70 Hwy
    Black Mountain, NC 28711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2968 Us 70 Hwy Black Mountain, NC 28711
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bill Roberts
    (828) 669-1072 (828) 674-7640
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!