32 School House Road Mills River, NC $ 5,550,160
32 School House Road
$ 5,550,160
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32 School House Road

Mills River, NC, 28759
$ 5,550,160
Bedrooms-- Baths--

Monthly Estimate*

$ 38,334

32 School House Road, Mills River, NC 28759 - Image 1
32 School House Road, Mills River, NC 28759 - Image 2
32 School House Road, Mills River, NC 28759 - Image 3
32 School House Road, Mills River, NC 28759 - Image 4
32 School House Road, Mills River, NC 28759 - Image 5

Commercial Property for sale in Mills River, NC

for $5,550,160. This building was built in 1850 on a lot size of 63.07.

Presenting an exceptional 63-acre commercial development opportunity in the heart of Mills River, North Carolina. One of Western North Carolina’s fastest-growing and most strategically positioned commercial and industrial markets. Located at 32 School House Road, this expansive tract offers a unique combination of scale, zoning versatility, access to public utilities, and proximity to major regional transportation assets. Zoned MR-NC (Neighborhood Commercial), the property supports a wide array of commercial, service-oriented, and mixed-use development possibilities, with the potential for rezoning or conditional approvals for larger commercial or industrial concepts. This flexibility makes the site highly attractive for investors, developers, and end-users seeking a significant presence in a market experiencing sustained industrial and commercial demand. A key feature that sets this property apart is the availability of public water and sewer located adjacent to the tract—a rarity in Mills River, where many large parcels lack utility access. The presence of municipal utilities greatly enhances the development potential and substantially reduces upfront infrastructure costs. The land itself is primarily flat and usable, offering broad, functional acreage suitable for commercial campuses, retail and service centers, flex-industrial development, warehousing, light manufacturing, logistics, research facilities, or mixed-use clusters, subject to Town of Mills River requirements and approvals. The site’s layout and topography provide numerous options for phased development, subdivision, or a single large-scale commercial project. Mills River has emerged as a powerhouse for industrial and commercial activity due to its central location between Asheville, Hendersonville, and Brevard, as well as its immediate proximity to Interstate 26, U.S. 280, and the Asheville Regional Airport. National and international companies—including Sierra Nevada Brewing, Amazon, FedEx, Pepsi, GF Linamar, and others have invested heavily in this corridor, drawn by excellent transportation access, a stable workforce, logistics advantages, and a pro-business regulatory environment. Industrial and commercial land absorption in Mills River has outpaced supply for years, creating strong long-term value and making large contiguous tracts with utility access increasingly scarce. An old 1850’s colonial home remains on the property; however, it is considered to have no contributory value and is not expected to affect redevelopment plans. The highest and best use of the site lies overwhelmingly in its commercial and industrial potential. With its combination of location, visibility, access, utilities, and sheer acreage, this property represents one of the most compelling development opportunities currently available in Western North Carolina. Whether your vision is a corporate campus, industrial park, commercial center, or an investment hold for future appreciation, 32 School House Road delivers the fundamentals that developers and end-users seek—location strength, infrastructure, zoning flexibility, and market momentum. This is a rare chance to control a legacy-sized tract in a thriving commercial hub poised for continued long-term growth.

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Commercial Contingent

Price

$ 5,550,160

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

63.07

Year Built

1850

Town/City

Mills River

County/Region

Henderson

MLS | Web ID

4329922

Features
Interior
Basement Other
Basement (Y/N) N
Below Grade Finished Area 0
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General
Zoning MR-NC
Year Built 1850
View Long Range Mountain(s) Year Round
Property Subtype Industrial
Parcel Number 800443
Elevation 2000
Waterfront Features None
County Henderson
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial Development Industrial Subdevelopment
Other Structures Barn(s)
City Mills River
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active Under Contract
Construction Type Site Built
Restrictions No Representation Use
Tax Assessed Value 828700
Complex Name Perry Farm
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Exterior
Lot Features Cleared Creek Front Crops Flood Fringe Area Level Creek/Stream Wooded
Inclusions Building Land
Lot Size Area 63.07
Foundation Details None
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
Road Frontage 2000
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Internal Only
Street Number 1 32
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* Excluded Features
List By
Keller Williams Mtn Partners, Llc

Broker

Affordability Calculator

$38,334
Per Month
100%
0%
0%
Monthly Principal & Interest
$38,334
Monthly Property Taxes
--
Monthly Home Insurance
--
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
2/4/2026$5,550,160 Listed Price

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32 School House Road, Mills River, NC, 28759 is a Commercial Property for sale at $5,550,160 with a lot size of 63.07. 32 School House Road was built in 1850. The property's zip code is 28759 which is in Mills River, NC