Downtown Retail
139 & 137 Broadway Street, Black Mountain, NC 28711
For Sale
New
$3,500,000
Two parcels are occupied by a tenant and include showroom, supply storage, and parking areas.
Property Size19,501 SF
Lot Size1.64 Acres
Days on Market6
Property Features for 139 & 137 Broadway Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Tenant in Place
Amenities
Dimensions: see deed Exhibit A, Level, Other - See Remarks
Fenced, Partial
Public Sewer
Additional parcels description:, Parcel Number: 0619-35-7991-00000, Assessed Value: $840,200, Zoning: CB1
Electric
Listing ID: CAR4433747, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: Subject to Lease
15 open parking spaces, Other Parking: Showroom/store parking out front has 15 paved parking spaces. Additional room for truck parking out back., Parking Lot, Parking Space(s), Other - See Remarks
Built in 1950, 1 building
County/Parish: Buncombe
Water Source: City
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Listing Agency:
Barns & Farms Carolinas
Listed By:
Shayne Hollifield
(828) 243-9299
Source:
Blackstreaminternational
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barns & Farms Carolinas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail property comprises two parcels totaling 1.64 acres at 137 and 139 Broadway Street in Black Mountain. The site is tenant-occupied and includes a showroom, multiple supply storage areas, and parking. The buildings date to 1950.
Broadway Street is identified as a main downtown thoroughfare. Interstate 40 is about a minute away, with Asheville a short drive from the property. Downtown Black Mountain includes shops, restaurants, and breweries.
Broadway Street is identified as a main downtown thoroughfare. Interstate 40 is about a minute away, with Asheville a short drive from the property. Downtown Black Mountain includes shops, restaurants, and breweries.
Key Highlights
- Two Broadway Street parcels total 1.64 acres
- Tenant in place
- Showroom, multiple supply storage areas, and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,654
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,573,080
$4.6M
Cap Rate 7%
$3,266,486
$3.3M
Cap Rate 9%
$2,540,600
$2.5M
Market Conditions
NOI Build-Up for 19,501 SF
Gross rent
$332.3K $17.04/SF
− Vacancy
−$5.6K −$0.29/SF
EGI
$326.6K $16.75/SF
− OpEx
−$98.0K −$5.03/SF
NOI
$228.7K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,573,080
Cap Rate 7%
$3,266,486
Cap Rate 9%
$2,540,600
Alternative Uses
Best Use
Retail
$3.27M
$2.86M – $3.81M
NOI $228,654 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.17M
$5.40M – $7.19M
NOI $431,653 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 23%
Home Improvements & Furnishings 23%
Hotels & Casinos 4%
Tractor Supply Co.
Home Improvements & Furnishings
13,485 visits/mo
0.4 miles
Shell
Shops & Services
12,564 visits/mo
0.2 miles
Starbucks
Dining
9,114 visits/mo
0.2 miles
Dollar General
Shops & Services
4,273 visits/mo
0.4 miles
The UPS Store
Shops & Services
4,109 visits/mo
0.1 miles
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Buncombe County, NC
Properties on Market for Retail space in Buncombe County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two parcels are occupied by a tenant and include showroom, supply storage, and parking areas.
Where is this retail space located?
The property is located at 139 & 137 Broadway Street Black Mountain, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two Broadway Street parcels total 1.64 acres; Tenant in place; Showroom, multiple supply storage areas, and parking
