37 S Main Street S Mars Hill, NC $ 1,532,000
37 S Main Street S
$ 1,532,000
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37 S Main Street S

Mars Hill, NC, 28754
$ 1,532,000
Bedrooms-- Baths4.0

Monthly Estimate*

$ 10,581

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Commercial Property for sale in Mars Hill, NC

for $1,532,000 with 4 full baths. This building was built in 1900 on a lot size of 0.03.

Beautiful historic building at the intersection of Main Street and Carl Eller Road adjacent to Mars Hill University Campus. Formerly a popular local restaurant, this strategically location is now ready for a new addition to the mix of thriving small businesses in downtown Mars Hill. Appropriate uses would be fine dining, wine bar/gourmet deli, pub/restaurant/music hall, or similar. Commercial level has soaring ceilings with pristine original tin tiles, original hardwood floors, custom built bar, exhaust hood, commercial sink - other restaurant equipment and furnishings on site are for sale separately. Property also listed for lease, see mls #4331936. Upper level residential has similar architectural features, currently partially leased & partially owner occupied, Short Term Rentals allowed. Possible Owner financing with sufficient down payment.

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Commercial Active

Price

$ 1,532,000

Full Bath

4

Property Type

Commercial

Taxes

$ 0

Style

Food/Beverage

Lot Size

0.03

Year Built

1900

Town/City

Mars Hill

County/Region

Madison

MLS | Web ID

4338320

Features
Interior
Basement Full Interior Entry Partially Finished Walk-Out Access
Basement (Y/N) Y
Below Grade Finished Area 0
Total Baths 4
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Exterior
Inclusions Building Fixtures
Lot Size Area 0.03
Road Surface Type Paved
Road Frontage Type City Street State Road
Road Responsibility Publicly Maintained Road
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General
Year Built 1900
View City Mountain(s)
Stories Count 3
Property Subtype Food/Beverage
Parcel Number 9747-84-2514
County Madison
New Construction N
Property Type Commercial Sale
HOA N
Directions From Asheville I-26 to exit 11 Left on Carl Eller Road Right on Main Street first building on the left at the intersection of Main and Carl Eller.
City Mars Hill
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Additional Parcels Y/N N
Lease Considered Y/N Y
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed Use Other - See Remarks
Tax Assessed Value 154045
Listing Terms Cash Conventional Lease Option Lease Purchase Owner Financing
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Internal Only
Street Number 1 37
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* Excluded Features
List By
Boone Realty

Broker

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$10,581
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Monthly Principal & Interest
$10,581
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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
3/18/2026$1,532,000 -3.65% Price Down
1/21/2026$1,590,000 Listed Price

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37 S Main Street S, Mars Hill, NC, 28754 is a Commercial Property for sale at $1,532,000 with a lot size of 0.03. 37 S Main Street S has 4.0 baths and was built in 1900. The property's zip code is 28754 which is in Mars Hill, NC