Building Details

Year Built 1945

Listing Agency: NAI Beverly-Hanks r***@allentate.com Show Phone

Listed By: Rick Tisdale · License #197215 Show Phone

Source: Naiglobal

Added: Mar 6 Changed: Jul 6 Last Checked: Jul 30 at 5:39AM

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Investment Insights

Based on property information with market context.

This commercial property, situated on a 0.95-acre lot, offers an opportunity for investment. The property is located on a four-lane road within walking distance of downtown Black Mountain. Zoned for highway business, the 4,700+ sqft building allows for various commercial uses. Formerly a restaurant, the property features over 230 feet of road frontage on W. State St. (Old US Hwy 70). It includes new wiring and a new HVAC system, as well as ample on-site parking. The location is just minutes from Asheville. Restaurant equipment and chattel are negotiable.

Key Highlights

• Highway business zoning allows for many commercial uses.
• Fantastic location within walking distance to downtown Black Mountain.
• Over 4700 sqft on a .95 acre lot.

Property Analytics

Property Profile

Current Use

Coach House Seafood ... Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Parking Lot & Garage Law Firm Electrical Service 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.

Lease Details

NNN (Triple Net)

Lease Type

$2.70 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

697

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 22% Hotels & Casinos 17% Home Improvements & Furnishings 11%

State Employees Credit Union Shops & Services

3,790 visits/mo 0.4 miles

Thai Basil Dining

1,870 visits/mo 0.5 miles

Hampton Inn by Hilton Black Mountain Hotels & Casinos

1,384 visits/mo 0.5 miles

Sherwin-Williams Paint Store Home Improvements & Furnishings

892 visits/mo 0.5 miles

Napa Auto Parts Shops & Services

446 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant space for lease near downtown Black Mountain.

Where is this conventional restaurant located?

The property is located at 508 W State Street Black Mountain, NC.

What is the lease rate?

The lease rate is $7,050 /Mo.

What are key features of this property?

This property features: Highway business zoning allows for many commercial uses.; Fantastic location within walking distance to downtown Black Mountain.; Over 4700 sqft on a .95 acre lot.