1114 Montreat Road Black Mountain, NC $ 1,299,000
1114 Montreat Road
$ 1,299,000
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1114 Montreat Road

Black Mountain, NC, 28711
$ 1,299,000
Baths0.0

Monthly Estimate*

$ 9,074

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Studio

Commercial Property for sale in Black Mountain, NC

for $1,299,000. This building was built in 1963 on a lot size of 1.956.

Unique commercial or re-development opportunity. Previously used as an assisted living facility, the 12,855 sf main building (with 26 bedrooms, 14 full baths, 5 half baths) and 1328 sf house sit on nearly 2 acres along Flat Creek. Recently re-zoned to UR-8 (up to 8 lots per acre), the land is nearly flat. The building is in fair condition but needs updating. House has been gutted; both could be renovated to accommodate a variety of potential uses, or raze the buildings and create a creekfront residential development a mile from downtown. Road frontage with public sidewalk. Permitted Uses include Shared housing/Community living facilities, Single-family, duplexes, gov't facilities, and places of worship. Special Uses (permit required) include Conservation Subdivision, Cottage Housing Subdivision, Residential PUD, MHP, and Multi-family. Other potential uses (with added requirements) include Boarding House, Family Care Home, Agriculture, and B&B. Portion of property in flood plain.

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Commercial Active

Price

$ 1,299,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Special Purpose

Lot Size

1.956

Year Built

1963

Town/City

Black Mountain

County/Region

Buncombe

MLS | Web ID

4000302

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Utilities Cable Connected Electricity Connected
Roof Composition
Zoning UR-8
Construction Materials Cedar Shake Concrete
Year Built 1963
Property SubType Special Purpose
Elevation 2000
Accessibility Door Width 32 Inches or More Hall Width 36 Inches or More
County Buncombe
New Construction N
Property Type Commercial Sale
Possible Use Development Multi-Family Private Estate Residential
Directions I-40 Exit 64/Hwy 9. Travel north for 1.7 miles. Property is on the right.
City Black Mountain
Street Name Montreat
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 228500
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Interior
Flooring Concrete
Street Suffix Road
Number Of DocksTotal 0
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Exterior
Parking Features Parking Lot
Lot Features Creek Front Flood Plain/Bottom Land Infill Lot Level Paved Creek/Stream
Water Source City
Total Parking 12
Inclusions Building Equipment Fixtures Land
Lot Size Area 1.956
Foundation Details Basement Slab Other - See Remarks
Number of Buildings 2
Road Surface Type Paved
Other Parking Asphalt lot. More parking could be added behind the main building.
Lot Size Units Acres
Road Frontage Type State Road
Road Responsibility Publicly Maintained Road
Road Frontage 194
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Internal Only
Street Number 1 1114
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* Excluded Features
List By
Freestone Properties

Broker

Affordability Calculator

$9,074
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,074
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2023$1,299,000 Listed Price

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1114 Montreat Road, Black Mountain, NC, 28711 is a Commercial Property for sale at $1,299,000 with a lot size of 1.956. 1114 Montreat Road is a studio with 0.0 baths and was built in 1963. The property's zip code is 28711 which is in Black Mountain, NC