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Prime Commercial Development Opportunity
For Sale
$5,550,160
Pending

32 School House Road, Mills River, NC 28759

63-acre commercial land in Mills River, North Carolina.

Lot Size63.00 Acres
Days on Market179

Property Features for 32 School House Road

General Information

Standard status Pending
Lot size 63.00 Acres
Property subtype Commercial

Building Details

Year Built 1850
Listing Agency: KELLER WILLIAMS MTN PARTNERS, LLC
Listed By: DAVID LEE · License #212568
Source: Corcoran
Added: Feb 4 Changed: Jul 6 Last Checked: Jul 23 at 9:44AM

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 KELLER WILLIAMS MTN PARTNERS, LLC

Investment Insights

Based on property information with market context.

This 63-acre commercial development opportunity is located in Mills River, North Carolina. The property is zoned MR-NC (Neighborhood Commercial), supporting a variety of commercial, service-oriented, and mixed-use development possibilities, with potential for rezoning or conditional approvals for larger commercial or industrial concepts. Public water and sewer are located adjacent to the tract. The land is primarily flat and usable, suitable for commercial campuses, retail and service centers, flex-industrial development, warehousing, light manufacturing, logistics, research facilities, or mixed-use clusters, subject to Town of Mills River requirements and approvals. The site's layout and topography provide options for phased development, subdivision, or a single large-scale commercial project. Mills River's location between Asheville, Hendersonville, and Brevard, offers proximity to Interstate 26, U.S. 280, and the Asheville Regional Airport. The location has attracted companies such as Sierra Nevada Brewing, Amazon, FedEx, and Pepsi. Industrial and commercial land absorption in Mills River has outpaced supply. An old 1850’s colonial home remains on the property, but it is considered to have no contributory value and is not expected to affect redevelopment plans. The property is suitable for a corporate campus, industrial park, or commercial center.

Key Highlights

  • Expansive 63‑acre tract in a rapidly growing commercial/industrial market.
  • Zoned MR‑NC, offering versatile development possibilities.
  • Public water and sewer are located adjacent to the tract.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Storage Facility Law Firm Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

80
Businesses Nearby

Demographics for 28759, NC

7,728
Population
3,300
Households
2.3
Avg Household Size
47
Median Age
43%
College-Educated
94%
High-School Grad
24.5 sq mi
ZIP Area
315
Density / Sq Mi
$88,984
Median Household Income
$37,796
Median Earnings
$1,611
Median Rent
$364,900
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - 63-acre commercial land in Mills River, North Carolina.
Where is this commercial land located?
The property is located at 32 School House Road Mills River, NC.
What is the asking price?
The asking price for this property is $5,550,160.
What are key features of this property?
This property features: Expansive 63‑acre tract in a rapidly growing commercial/industrial market.; Zoned MR‑NC, offering versatile development possibilities.; Public water and sewer are located adjacent to the tract.
More about this property
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