508 W State St - Restaurant FOR SALE


Black Mountain, NC 28711
$1,100,000 USD
828-258-6399
508 W State St, Black Mountain, NC for Sale
$1,100,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

508 W State St
Black Mountain, NC 28711


OVERVIEW

Excellent opportunity for an investment property in fantastic location on 4 lane road walking distance to bustling downtown Black Mountain. First time on the market in over 30 years. Former location of well stablished restaurant. Over 4700 sqft on a .95 acre lot zoned highway business which allows for so many uses. Over 230' of road frontage on W. State St. (Old US Hwy 70). New wiring and new HVAC system. Ample on site parking. Just minutes to Asheville. Restaurant equipment and chattel negotiable. Former Coach House restaurant that was thriving before the storm. Property is also for lease $7,050/mo NNN. Call listing agent for showings.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

HB-8

APN/PARCEL ID

0619-04-7658-00000

ASK ABOUT THIS PROPERTY

Rick TisdaleNAI Beverly-HanksMore Info
828-258-6399

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Rick TisdaleNAI Beverly-HanksMore Info
828-258-6399

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