2 E Market St - Retail FOR SALE


Black Mountain, NC 28711
$2,990,000 USD
828-674-2120
2 E Market St, Black Mountain, NC for Sale
$2,990,000 USD
Retail - FOR SALE
1/14
null | 4.96% Cap Rate

2 E Market St
Black Mountain, NC 28711


HIGHLIGHTS

  • 100% Leased
  • Strong Food & Beverage Cluster
  • Uses Generate Daily Trips
  • High-End Construction & Architecture
  • Growing, Desirable Submarket

OVERVIEW

The Village of Cheshire is a celebrated Traditional Neighborhood Development (TND) master-planned by internationally recognized urban planning firm Duany Plater-Zyberk & Company. Designed to create a vibrant environment where residents can live, work, and play, the community features a walkable layout, diverse housing styles, scenic green spaces, and pedestrian-friendly streets that foster an active village atmosphere. The commercial component of the Village Center serves as the social and retail hub of the neighborhood and is currently 100% leased to nine tenants. The center features a strong mix of four popular food and beverage concepts complemented by wellness and lifestyle-oriented businesses including a salon, chiropractor, yoga studio, and massage therapy practice, creating consistent daily traffic and strong community engagement. Surrounded by a unique blend of Craftsman and English Tudor-style homes, cottages, townhomes, and apartments, the Village of Cheshire provides a built-in customer base while also benefiting from the tourism and lifestyle appeal of nearby Black Mountain—often called “the Little Town that Rocks.” With its walkable village setting, diverse tenant mix, and stable occupancy, this property represents a rare chance to own a core neighborhood retail asset in one of the most desirable mountain communities in Western North Carolina. Located in the charming tourist town and bedroom community of Asheville, Black Mountain, NC. Black Mountain has thriving tourist scene partially based on conferences centers and large camps that bring thousands of campers and visitors per week to Black Mountain. Black Mountain has an outdoor scene second none with hundreds of miles of trails. Home to Montreat College and Conference center, as well as the headquarters of Ingles Grocery-one of the nation largest, Black Mountain benefits from consistent economic activity and growth. The Sourwood Festival, one of the oldest and most popular in NC, occurs every August. Do Not Disturb Tenants - Call Listing Broker

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

4.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

TND

APN/PARCEL ID

0619-31-7034-00000

ASK ABOUT THIS PROPERTY

Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

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Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.