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1 Old Mill Lane 8,500 SF Retail Building Weaverville, NC 28787 $6,912,500 CAD ($813.24 CAD/SF)
INVESTMENT HIGHLIGHTS
- Historic, circa 1905 Grist Mill , former restaurant , popular Weaverville location, County taxes, City water, sewer, natural gas, high speed inrterne
- 1000 feet bold water frontage 5+ acres , large parking area, 10 minutes to downtown Asheville.
- Zoning allows commercial (EMP) and short term rentals (R-3)
EXECUTIVE SUMMARY
Historic Weaverville Milling Company. Circa 1905 Rare Opportunity.....120+ year mill plus House and Cottage fronts 1,000 ft. bold water frontage on Reems Creek waterway.. The Mill is over 6,000 sq.ft. plus 1,400 sq ft covered patio. The Old Mill building is beautiful with strong local history. Old house (1940s) remodeled w 3 bed /2 bath approx. 1,100 sq ft, rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenet approx. 600 SQ Ft with 300 sq ft rear deck. Approx. 5.25 acres. Ideal for event space and 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 and sewer. Structures not impacted during Helene. mls#4214939 quoted sq. ft does not take into account large basement (former kitchen) or 3rd floor of mill left w full bathroom. two parcels w House and cottage on pin#9742-22-1726 R-3
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$3,760,400
|
$442.40
|
| Operating Expenses |
$35,253,751
|
$4,147.50
|
| Total Expenses |
$39,014,151
|
$4,589.90
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $3,760,400 |
| Annual Per SF | $442.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,253,751 |
| Annual Per SF | $4,147.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,014,151 |
| Annual Per SF | $4,589.90 |
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
1905
Price
$6,912,500 CAD
Price Per SF
$813.24 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.04
Lot Size
5.30 AC
Zoning
EMP/R-3 - 1 Old Mill Lane zoned EMP (Commercial mixed use), additional parcel 9 Old Mill Lane zones R-3 Residential max 3 units per acre.
AMENITIES
- Waterfront
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9742-13-7098-00000 | Total Assessment | $529,555 CAD |
| Land Assessment | $56,628 CAD | Annual Taxes | $3,760,400 CAD ($442.40 CAD/SF) |
| Improvements Assessment | $472,927 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
9742-13-7098-00000
Land Assessment
$56,628 CAD
Improvements Assessment
$472,927 CAD
Total Assessment
$529,555 CAD
Annual Taxes
$3,760,400 CAD ($442.40 CAD/SF)
Tax Year
2025 Payable 2025
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Estate Realty WNC
1 Old Mill Lane
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