2968 US 70 Highway, Black Mountain, NC 28711
sale
$1,000,000
|
Other
Courtesy Of GreyBeard Realty
Investment and Development Opportunity This offering includes three income-producing properties situated on approximately 1.68 acres, presenting significant redevelopment potential. - Building 1: +/-2,720 square feet, currently utilized for automotive storage and repair. - Building 2: +/-1,760 square feet, also configured for vehicle storage and repair. - Building 3: +/-3,338 square feet, comprising a hair salon, one residential apartment, and six self-storage units. The property at 2968 US Highway 70 is strategically located directly across from the Ingles corporate offices and distribution warehouse, a 120-acre campus encompassing more than 1.3 million square feet. The site benefits from strong visibility and accessibility along a well-established commercial corridor that includes businesses such as Goodwill, Black Mountain Tire, Pisgah Brewing Company, Hopey & Company, AutoZone, Dollar General, and others. The property is zoned HB-8, allowing for a wide range of residential and commercial uses. All utilities are available on-site. This asset offers multiple value-add opportunities, including holding for stable cash flow while expanding the existing self-storage component, repositioning for owner-user occupancy, or pursuing redevelopment for multifamily or mixed-use purposes. Please contact the listing agents for detailed income and expense information. Kindly do not disturb tenants.
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Property Features
- Age: 41-50 Years Old
- Legal Description: DEED DATE: 2023-12-11 DEED: 6370-1804 SUBDIV: W C HONEYCUTT & JOHN H SMITH BLOCK: LOT: PORTION OF LOT 18 SECTION: PLAT: 0026-0118
- MLSID: 4351082
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