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    80 Mills Gap Rd Asheville, NC 28803

    Sponsored
    For Sale
    $500,000

    South Asheville Commercial Land w/ Home

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2.34-acre property at 80 Mills Gap Road in South Asheville, NC, presents a unique commercial opportunity. Zoned RM16, the land offers significant potential for diverse uses. The property includes a charming, completely renovated two-bedroom, one-bathroom home, updated in 2014. The home boasts beautiful hardwood floors and a spacious, open floor plan, perfect for immediate occupancy or use as an on-site office. An unfinished basement provides ample space for expansion, allowing for customization to suit specific business needs. Enjoy the privacy afforded by the expansive lot from the comfort of the large covered front porch. This location offers convenient access to shopping and the amenities of South Asheville. The property is strategically positioned approximately 12 miles from Downtown Asheville and about 17 miles from Downtown Hendersonville, providing easy access to a larger regional market. The combination of versatile zoning, existing residential structure, and ample land makes this an attractive investment for entrepreneurs and developers alike. The asking price is $500,000. This is a rare opportunity to acquire a substantial commercial parcel in a desirable location.

    Property Features for 80 Mills Gap Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    101,930 SF

    Building Details

    Year Built
    1933
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.51445
    Latitude
    35.49767

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    FAQs

    What type of property is this?
    Commercial real estate - South Asheville Commercial Land w/ Home
    Where is this commercial real estate located?
    The property is located at 80 Mills Gap Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    (888) 584-9431
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    80 Mills Gap Rd Asheville, NC 28803
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    Realmo Value Estimation

    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.

    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.

    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
    80 Mills Gap Rd Asheville, NC 28803
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