440 E State Street, Black Mountain, NC 28711
sale
$1,800,000
|
Commercial-Other
Listed By CENTURY 21 Connected
Black Mountain Mini Storage at 440 E State St, Black Mountain, NC offers investors the opportunity to acquire a fully stabilized self-storage asset in one of Western North Carolina's most sought-after markets. This 20,095 SF facility features 182 units, was built in 1994, and is currently 100% occupied, delivering immediate in-place cash flow. Positioned along highly accessible E State Street, the property benefits from strong visibility, direct access, and proximity to both downtown Black Mountain and Asheville. Current gross revenue is approximately $204,000 annually, with additional upside through strategic rent increases, as current rates are below market across key unit sizes. Offered at $1,800,000, or approximately $90/SF, this asset presents an attractive below-replacement-cost basis with clear value-add potential. The offering also includes the possibility for future expansion of approximately 1,000-2,000 NRSF, giving investors another avenue for long-term growth. With strong occupancy, proven demand, and immediate revenue enhancement potential, this is a compelling chance to own a high-performing storage property in a thriving mountain submarket. * Drive by only without an appointment. Please do not go in and speak to the manager. All showings are by appointment only with 24 hour notice.
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Property Features
- Additional MLS: 4364315
- Age: 31-40 Years Old
- Building Area: 0.00 SF
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 92782 Sq. Ft.
- MLSID: 4364315
- Parking Places: 0
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Year Built: 1994
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