103 Center Ave Black Mountain, NC 28711

Property Details for 103 Center Ave

Lot size

0.24 lot acres

Property type

Commercial real estate

Description

This exceptional 0.24-acre commercial lot presents a rare development opportunity in the heart of Black Mountain, North Carolina. Located at 103 Center Ave, 28711, this fee-simple property boasts Highway Commercial (HB-8) zoning, allowing for a diverse range of uses. Permitted uses include residential, two-family residential, multifamily, office, retail, and restaurant/bar establishments. The absence of short-term rental (STR) restrictions adds significant flexibility for potential investors. The property's strategic location places it within easy walking distance of Black Mountain's vibrant downtown area, offering convenient access to numerous shops, restaurants, and entertainment venues. Its proximity to established businesses like the Bush Farm restaurant and the Railyard Restaurant and Bar further enhances its appeal. All utilities are conveniently located on-site. Comparable recent sales in the area, such as the sale of 120 State Street (zoned CB) for $1 million in March 2023 and a nearby 0.2-acre lot with two adjacent short-term rentals selling for $1.2 million, underscore the significant potential of this property. This is an exceptional opportunity to acquire a highly desirable commercial lot in a thriving downtown setting. The asking price is $374,900.