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$1,800,000 USD
440 E State Street
Black Mountain, North Carolina 28711
USA
Black Mountain, North Carolina 28711
USA
Commercial for Sale, Other Commercial Property
Land size: 0.86 ha ::
2.13 acres
Sale price per sqm: 0
Remarks:
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.
Features:
- Year Built: 1994
- Building age: 31-40 years old
- Utilities: Public Sewer
Location:
440 E State Street, Black Mountain, North Carolina 28711, USA
Listed By CENTURY 21 Connected
The Commercial for Sale, Other Commercial Property located at 440 E State Street, Black Mountain, North Carolina 28711, USA is currently for sale. 440 E State Street, Black Mountain, North Carolina 28711, USA is listed for $1,800,000 USD. If the property located at 440 E State Street, Black Mountain, North Carolina 28711, USA isn't what you're looking for, search North Carolina Real Estate to see other Commercial For Sale in Black Mountain.
