Property profile

581 Nc-9 Black Mountain, NC 28711

OFF-MARKET
Retail properties & Spaces
4,453 SF 1.1 ac lot Built 1992
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Property summary

AI-generated overview

This exceptional 4,453-square-foot restaurant property, situated on a 1.1-acre lot in Black Mountain, North Carolina, presents a compelling investment opportunity. Located directly off I-40 at exit 64, this well-built, single-story building boasts approximately 250 feet of highway frontage, ensuring high visibility and accessibility. Built in 1992, the property features an existing structure that can be repurposed or removed, offering flexibility for redevelopment. The rectangular lot is level, and an existing retaining wall reduces site development costs. The property's Highway Business (HB) zoning allows for a diverse range of uses, including restaurants, banks, breweries, convenience stores, hotels, medical facilities, and retail establishments. The high-traffic location, with 14,500 cars passing daily, is anchored by an Ingles Markets grocery store, further enhancing its appeal. Black Mountain offers a charming small-town atmosphere with easy access to Asheville and the natural beauty of the Blue Ridge Mountains. Nearby amenities include Lake Tomahawk Park and the Swannanoa Valley Museum. The property's address is 581 NC-9, Black Mountain, NC 28711, with the APN 0619-33-8291. Note that building access is currently unavailable. The asking price is $1,600,000, translating to $359.31 per square foot.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1992
Total area 4,453 SF
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

581 Nc-9 Black Mountain, NC 28711
Black Mountain metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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