47 Catawba Avenue Old Fort, NC $ 849,000
47 Catawba Avenue
$ 849,000
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47 Catawba Avenue

Old Fort, NC, 28762
$ 849,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,864

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Commercial Property for sale in Old Fort, NC

for $849,000. This building was built in 1905 on a lot size of 0.37.

For Sale – Historic Downtown Old Fort Commercial Property + Additional Lot Don’t miss this rare investment opportunity in the heart of Old Fort, NC! Located at 47 Catawba Avenue, this sale includes not only the historic two-story masonry building, but also a second vacant lot, a refrigerated cargo container and architect-designed renovation plans — giving you multiple options to create something special. Location: Perfectly situated in downtown Old Fort, this end-unit property is surrounded by a growing mix of local businesses, breweries, restaurants, and outdoor attractions/ activities. With quick access to I-40, you’re only minutes from Black Mountain and a short drive to Asheville, making this a prime spot for both locals and visitors. Let it be noted that there are currently NO ZONING in this part of McDowell County. This is located in the city limits of Old Fort. This is a gateway and basecamp area to the National Forest to access many trails. Historic Character! This building is a true piece of Old Fort history with endless potential for restoration, renovation, or adaptive reuse. .20 acres with existing building with additional .171-acre vacant lot (.171 lot surveyed in 2021) Which totals approximately .371 acres The additional lot provides space for parking, outdoor seating, expansion, or future development. Opportunities Whether you’re looking to open a restaurant, retail shop, brewery, gallery, office space, residential apartments or mixed-use project, this property is a blank canvas. With the extra lot and included plans, the possibilities for growth and income generation are tremendous. Latest use is commercial warehouse space. Quality construction meant to last! New roof in 2021 with a 20 year warranty. Replaced dry sprinkler system with wet in 2021. All the plaster walls have been removed. Purchase includes 4 water meters (installed but tap fees will be required for water and sewer). Spectrum internet. Duke Energy is in the process of upgrading electrical to allow additional service meters. No damage from Helene. This property is not located in the flood zone. This property combines history, location, and potential which is a rare find in the growing Old Fort market. Bring your vision and be part of the exciting growth happening in this mountain town!

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Commercial Active

Price

$ 849,000

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

0.37

Year Built

1905

Town/City

Old Fort

County/Region

McDowell

MLS | Web ID

4310424

Features
General
Sewer Public Sewer Tap Fee Required Other - See Remarks
Heating None
Cooling None
Roof Other - See Remarks
Appliances None
Development Status Completed
Zoning None
Security Features Fire Sprinkler System
Construction Materials Brick Full
Year Built 1905
Stories Count 2
Property Subtype Unimproved Commercial
Parcel Number 0659-06-48-8659
Elevation 1000
Accessibility Zero-Grade Entry
Additional Parcels Description 065906489770
County McDowell
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial Industrial Residential
Other Structures Other - See Remarks
Directions Interstate 40 to Exit 73 Old Fort. Go north on CATAWBA AVE. PROPERTY ON RIGHT BEFORE RAILROAD TRACKS
City Old Fort
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Virtual Tour https://iframe.videodelivery.net/5b0b00af22382e6773711ea243ca6aaf https://iframe.videodelivery.net/5b0b00af22382e6773711ea243ca6aaf
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed Other - See Remarks N/A
Tax Assessed Value 88600
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Interior
Flooring Concrete Wood
Basement (Y/N) N
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Exterior
Parking Features Parking Lot Parking Space(s)
Lot Features Corner Lot Level Open Lot
Water Source City Tap Fee Required Other - See Remarks
Inclusions Building Land Other
Lot Size Area 0.37
Foundation Details Slab
Number of Buildings 1
Road Surface Type Paved
Other Parking Additional lot for parking only (if desired). Currently there is an asphalt parking lot behind the building.
Road Frontage Type State Road
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 47
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* Excluded Features
List By
Greybeard Realty Old Fort Office

Broker

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$5,864
Per Month
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Monthly Principal & Interest
$5,864
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% 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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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2026$849,000 -5.56% Price Down
10/10/2025$899,000 Listed Price

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47 Catawba Avenue, Old Fort, NC, 28762 is a Commercial Property for sale at $849,000 with a lot size of 0.37. 47 Catawba Avenue was built in 1905. The property's zip code is 28762 which is in Old Fort, NC