Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    508 W State St Black Mountain, NC 28711

    For Sale
    $1,100,000

    Highway business zoned property near downtown Black Mountain and Asheville.

    Property size:
    4,724 SF

    Property Features for 508 W State St

    General Information

    Size
    4,724 SF

    Building Details

    Year built
    1945

    Source: Rick Tisdale Agent Rick Tisdale

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Black Mountain Investment Opportunity

    This property presents an investment opportunity in a location within walking distance of downtown Black Mountain. The property, which has been on the market for the first time in over 30 years, was formerly the location of a restaurant. The building has a size of over 4700 square feet and is situated on a 0.95-acre lot. Zoned for highway business, the property allows for multiple uses. It features over 230 feet of road frontage on W. State St. (Old US Hwy 70). The property has new wiring and a new HVAC system. Ample on-site parking is available. The location is just minutes from Asheville. Restaurant equipment and chattel are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coach House Seafood ... Seafood Restaurant

    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.

    Similar Places Nearby

    Black Eyed Susan Catering, Little Sprout Carryout

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3291396
    Latitude
    35.6132096

    Nearby Similar for Sale

    • $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
    • $734,450
      0.98 Acres

      Black Mountain Income-Producing Property

      Modern tiny home and cottage on nearly an acre.
      450 Lakey Gap Rd, Black Mountain, NC 28711
      View Details
    • $749,000
      0.21 Acres

      Renovated Craftsman Home Near Downtown

      Completely renovated 1910 Craftsman home near Black Mountain's downtown.
      41 Vance Ave, Black Mountain, NC 28711
      View Details
    • $900,000

      Historic Church Campus with Potential

      Church campus with two buildings and undeveloped lot for sale.
      41 Tucker Rd, 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
    • $739,000

      Commercial Building Near Downtown

      Commercial building near downtown Black Mountain with office/retail space.
      104 Church St, Black Mountain, NC 28711
      View Details

    FAQs

    What type of property is this?
    Restaurant - Highway business zoned property near downtown Black Mountain and Asheville.
    Where is this restaurant located?
    The property is located at 508 W State St Black Mountain, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Highway business zoning allows for many uses.; - Fantastic location **walking distance to downtown Black Mountain.**; - Over 4700 sqft on a .95 acre lot.
    (828) 258-6399
    Request Owner's contact information
    508 W State St 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.
    508 W State St
    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 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
    508 W State St 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.