581 Nc-9, Black Mountain, NC 28711
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.