1 Old Mill Lane Weaverville, NC $ 3,750,000
1 Old Mill Lane
$ 3,750,000
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1 Old Mill Lane

Weaverville, NC, 28787
$ 3,750,000
Bedrooms-- Baths-- Sq 9,000

Monthly Estimate*

$ 25,900

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Commercial Property for sale in Weaverville, NC

for $3,750,000. This 9,000 square foot building was built in 1914 on a lot size of 5.25.

Historic Weaverville Milling Company Circa 1914 Rare Opportunity to owne this former Grist and Woven Mill, House and Cottage on 5 Acres with 1,000 ft. of Bold Creek Frontage. The former 200 seat Restaurant closed in 2011. Just 10 minute North of Downtown Asheville and 5 minutes to Downtown Weaverville shopping and restaurants. Property is located in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.

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Commercial Active

Price

$ 3,750,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

5.25

Year Built

1914

Town/City

Weaverville

County/Region

Buncombe

MLS | Web ID

4410369

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling None
Utilities Cable Connected Natural Gas Phone Connected
Roof Metal
Appliances Other
Zoning EMP
Patio/Porch Features Covered Front Porch
Construction Materials Wood
Year Built 1914
Stories Count 4
Property Subtype Business
Parcel Number 9742-13-7098
Additional Parcels Description 9742-22-1726 R-3
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Other Structures Other - See Remarks
Directions 26 North from Asheville to exit 21 New Stock Road rt off exit ;left on Asheville HEWY 25 to rt on ReemsmCreek Road to subject property on right behind convenience store approx 1.2 mile off S. Main St
City Weaverville
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed Other - See Remarks
Tax Assessed Value 521800
Listing Terms Cash Owner Financing
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Interior
Basement Basement Shop Partially Finished Walk-Out Access Other
Basement (Y/N) Y
Below Grade Finished Area 0
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Exterior
Parking Features Parking Lot Other - See Remarks
Lot Features Creek Front Cul-De-Sac
Water Source Public
Inclusions Building
Lot Size Area 5.25
Foundation Details Basement
Number of Buildings 3
Building Area Total 9000
Road Surface Type Gravel
Road Frontage Type County Road
Road Responsibility Other - See Remarks
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Internal Only
Street Number 1 1
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* Excluded Features
List By
Estate Realty

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$25,900
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Monthly Principal & Interest
$25,900
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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
8/29/2026$3,750,000 -6.25% Price Down
8/1/2026$4,000,000 Listed Price

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1 Old Mill Lane, Weaverville, NC, 28787 is a Commercial Property for sale at $3,750,000 with 9,000 sqft and a lot size of 5.25. 1 Old Mill Lane was built in 1914. The property's zip code is 28787 which is in Weaverville, NC