240 Mitchelle Dr, Hendersonville, NC 28792

Property Details for 240 Mitchelle Dr

Year built

2002

Lot size

1.54 lot acres

Zone code

9965940~C-3

Property type

Individual retail properties

APN

9579454533

APU

9579454533

Description

This exceptional 7.09-acre commercial property presents a prime investment opportunity in Hendersonville, NC's thriving Opportunity Zone. The offering includes a successfully operating 48-room Red Roof Inn, which can be purchased as part of the deal or repurposed for residential conversion within a larger housing development on the remaining acreage. This strategically located property boasts optimal access to two major highways, placing it within easy reach of both Asheville and the Greenville/Spartanburg area. Surrounded by major national retailers, this site is ideally positioned to capitalize on Henderson County's robust growth trajectory. The property is fully serviced, with existing sewer, 3-phase power, gas, and water lines already in place, making it "shovel ready" for immediate development. Zoned C-3, the property offers a wide range of commercial development possibilities. Located just five minutes from Hendersonville's historic downtown, which draws approximately two million tourists annually, this property benefits from a community experiencing significant population growth—nearly 12% in the last five years. The four parcels comprising this offering represent a rare chance to acquire a substantial commercial holding in a rapidly expanding market. This is a unique opportunity to invest in a high-growth area with existing infrastructure and significant potential for future development and returns. The combination of the existing hotel and the substantial undeveloped land provides flexibility for a variety of investment strategies.

Location Insight

City

Hendersonville

County

Henderson

State

North Carolina

Longitude

-82.4393

Latitude

35.3377

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments