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 former chain restaurant presents a prime redevelopment opportunity in Black Mountain, NC. Situated on a 1.1-acre lot with approximately 250 feet of highway frontage on NC Highway 9, this property boasts high visibility due to its location directly off I-40 exit 64. The well-built, single-story building, constructed in 1992, offers flexible zoning (HB) allowing for diverse uses including restaurants, banks, breweries, convenience stores, hotels, medical facilities, and retail establishments. The rectangular site is easily redeveloped, and an existing retaining wall reduces site development costs. The property includes 48 parking spaces. The site benefits from a strong trade area anchored by Ingles Markets and experiences high daily traffic volume (14,500 cars per day). Black Mountain offers a blend of small-town charm and natural beauty, with nearby attractions like Lake Tomahawk Park and the Swannanoa Valley Museum. Currently vacant, this property is offered with an Absolute NNN lease structure (no landlord maintenance). Note that building access is currently unavailable. This location provides easy access to Asheville, a significant regional market.

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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