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    Black Mountain, NC
    Retail

    Black Mountain, NC Retail Properties & Spaces for Sale

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    Robbinsville, NC Montreat, NC Swannanoa, NC
    6 properties
    Black Mountain Investment Opportunity
    Updated: Oct 2, 2025
    Black Mountain Investment Opportunity

    508 W State Street, Black Mountain, NC 28711

    $985,000
    4,700 sqft · 0.95 AC lot
    Prime location within walking distance of downtown Black Mountain.
    Highway business zoning allows for diverse commercial uses.
    Substantial 4700+ sqft building on a .95 acre lot.
    High visibility with over 230' of road frontage on a 4 lane road.
    New wiring and HVAC system.
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    This listing looks promising.

    Here's a quick look at some key insights for

    508 W State Street, Black Mountain, NC 28711

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Mortgage

      $135K
      Recorded

    • Property Type

      Restaurant
      Built 1945
    View Property Analytics
    Former Walgreens with Drive-Thru
    Updated: Oct 10, 2025
    Former Walgreens with Drive-Thru

    510 NC Hwy 9, Black Mountain, NC

    $799,000
    2,010 sqft · 0.37 AC lot
    Drive‑thru capability, suitable for various businesses.
    High visibility due to location on a signalized corner.
    Proximity to a high‑traffic Ingles grocery store (113,000 sq ft) driving daily trips.
    Prominent signage opportunities on the building front and large pylon sign.
    Ample parking with 23 spaces.
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    Fully Leased Retail Center
    Fully Leased Retail Center

    2 E Market Street, Black Mountain, NC 28711

    $2,990,000

    Neighborhood retail center in the Village of Cheshire.

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    Fully Leased Retail Center
    Fully Leased Retail Center

    2-10 East Market Street, Black Mountain, NC 28711

    $2,990,000

    Neighborhood retail center in Black Mountain's Village of Cheshire.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    O'Reilly Auto Parts Investment
    O'Reilly Auto Parts Investment

    507 W State St, Black Mountain, NC 28711

    $975,000
    6,300 sqft

    Single-tenant net lease with creditworthy tenant in Black Mountain, NC.

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    Restaurant/Bar with Redevelopment Potential
    Restaurant/Bar with Redevelopment Potential

    141 S Ridgeway Boulevard, Black Mountain, NC 28711

    $2,690,000

    Fully furnished restaurant/bar with redevelopment potential in Black Mountain.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Black Mountain, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Center at Signalized Intersection
    Retail Center at Signalized Intersection

    NNN Investment: 1078 Tunnel Rd, Asheville, NC 28805

    $4,700,000

    Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.

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    New Construction Retail/Office Space
    New Construction Retail/Office Space

    208 Charlotte Highway 100 & 101, Asheville, NC 28803

    $795,000
    2,788 sqft

    First floor space suitable for restaurant, retail, or office.

    View details
    Asheville Retail Center on US 70
    Asheville Retail Center on US 70

    1269 Tunnel Rd, Asheville, NC 28805

    $1,600,000
    6,300 sqft

    Fully leased 6,300 SF retail center near I-40.

    View details
    Swannanoa Multi-Use Investment Opportunity
    Swannanoa Multi-Use Investment Opportunity

    626 Old Lytle Cove Road, Swannanoa, NC 28778

    $745,000
    2,586 sqft

    Multi-use property with high visibility and prime location.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land For Sale
    Commercial Land For Sale

    440 E State Street, Black Mountain, NC 28711

    $1,800,000

    Commercial land available across from Tractor Supply Store.

    View details
    Commercial Land with Major Frontage
    Commercial Land with Major Frontage

    10 acres Charlotte Highway, Asheville, NC 28803

    $879,000
    10.00 AC lot

    10-acre commercial parcel with 1,800 feet of road frontage, dual curb cuts, and public utilities available for development.

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    Fletcher Commercial Land For Sale
    Fletcher Commercial Land For Sale

    1961 Cane Creek Road, Fletcher, NC 28732

    $300,000
    1.40 AC lot

    1.4 acre commercial land with open use zoning.

    View details
    Fletcher Land with Open Use
    Fletcher Land with Open Use

    1961 Cane Creek Road, Fletcher, NC 28732

    $300,000
    1.40 AC lot

    1.4 acre commercial land with open use zoning.

    View details

    Off-Market Properties in Black Mountain, NC

    Consider similar Off-Market properties in Black Mountain, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    200 State St
    FINANCIAL BUILDING

    200 State St, Black Mountain, NC 28711-3525

    Value Estimation by Request
    4,760 sqft · 0.56 AC lot
    View details
    119 Cherry St
    RETAIL STORES (PERSONAL SERVICES)

    119 Cherry St, Black Mountain, NC 28711-3424

    $605,000
    Estimated value
    4,442 sqft · 0.05 AC lot
    View details
    203 State St
    RESTAURANT

    203 State St, Black Mountain, NC 28711-3408

    Value Estimation by Request
    1,260 sqft · 0.03 AC lot
    View details
    227 State St
    RESTAURANT

    227 State St, Black Mountain, NC 28711-3408

    $590,000
    Estimated value
    3,252 sqft · 0.20 AC lot
    View details
    2960 Us 70th Hwy
    VEHICLE SALES, RENTALS

    2960 Us 70th Hwy, Black Mountain, NC 28711-9103

    $615,000
    Estimated value
    1,296 sqft · 1.00 AC lot
    View details
    133 Old Us Hwy 70th E
    AUTO REPAIR, GARAGE

    133 Old Us Hwy 70th E, Black Mountain, NC 28711-3600

    $575,000
    Estimated value
    5,096 sqft · 0.32 AC lot
    View details
    250 Nc Hwy 9th 9
    RESTAURANT

    250 Nc Hwy 9th 9, Black Mountain, NC 28711-3435

    $575,000
    Estimated value
    2,766 sqft · 0.84 AC lot
    View details
    400 State St
    RESTAURANT

    400 State St, Black Mountain, NC 28711-3520

    $800,000
    Estimated value
    4,200 sqft · 0.50 AC lot
    View details
    106 Sutton Ave
    RETAIL STORES (PERSONAL SERVICES)

    106 Sutton Ave, Black Mountain, NC 28711-3421

    $895,000
    Estimated value
    6,580 sqft · 0.15 AC lot
    View details
    3201 Old Us Hwy 70th E
    AUTO REPAIR, GARAGE

    3201 Old Us Hwy 70th E, Black Mountain, NC 28711-9426

    Value Estimation by Request
    2,350 sqft · 0.98 AC lot
    View details
    121 Broadway St
    RETAIL STORES (PERSONAL SERVICES)

    121 Broadway St, Black Mountain, NC 28711-3422

    $525,000
    Estimated value
    2,800 sqft · 0.06 AC lot
    View details
    107 State St
    RETAIL STORES (PERSONAL SERVICES)

    107 State St, Black Mountain, NC 28711-3418

    Value Estimation by Request
    2,470 sqft · 0.04 AC lot
    View details
    2968 Us 70th Hwy
    AUTO REPAIR, GARAGE

    2968 Us 70th Hwy, Black Mountain, NC 28711-9103

    $505,000
    Estimated value
    1,616 sqft · 0.90 AC lot
    View details
    128 Broadway St
    RESTAURANT

    128 Broadway St, Black Mountain, NC 28711-3423

    $1,110,000
    Estimated value
    8,079 sqft · 0.18 AC lot
    View details
    195 Lynch Cv Rd
    GYM, HEALTH SPA

    195 Lynch Cv Rd, Black Mountain, NC 28711

    $925,000
    Estimated value
    15,005 sqft · 4.10 AC lot
    View details
    221 State St
    RETAIL STORES (PERSONAL SERVICES)

    221 State St, Black Mountain, NC 28711-3408

    Value Estimation by Request
    1,686 sqft · 0.05 AC lot
    View details
    204 Sutton Ave
    RETAIL STORES (PERSONAL SERVICES)

    204 Sutton Ave, Black Mountain, NC 28711-3531

    $530,000
    Estimated value
    3,917 sqft · 0.06 AC lot
    View details
    132 Cherry St
    RETAIL STORES (PERSONAL SERVICES)

    132 Cherry St, Black Mountain, NC 28711-3425

    Value Estimation by Request
    1,035 sqft · 0.02 AC lot
    View details

    Black Mountain, NC Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Black Mountain, NC, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 13,010 square feet of properties for sale, with an estimated market value of $2,759,000.

    Sale prices for stores in Black Mountain, NC start at $799,000, averaging $919,666, and reaching up to $985,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 2
    Auto shops 1
    Automotive properties 1
    Banks 1
    Drug stores 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) -6.1%
    Median Household Income $69,177
    College Educated 77.1%

    High-Yield Neighborhoods for Investment

    Identify Black Mountain submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    28711 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 0.81%
    Property Tax per SF $11.17 per SF
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Buncombe County

    New Delisted

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