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Executive Summary

Excellent opportunity for an investment property in fantastic location on 4 lane road walking distance to bustling downtown Black Mountain. Over 4700 sqft on a .95 acre lot zoned highway business which allows for many commercial uses. Former location of well established restaurant. Over 230' of road frontage on W. State St. (Old US Hwy 70). New wiring and new HVAC system. Ample on site parking. Just minutes to Asheville. Restaurant equipment and chattel negotiable.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,724 SF
Building Class
C
Year Built
1945
Price
$1,340,102 CAD
Price Per SF
$283.68 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.95 AC
Zoning
HB-8 - Highway Business
Frontage
245’ on State St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,724 SF
  • Restaurant
  • -
  • Now

Excellent opportunity for an investment property in fantastic location on 4 lane road walking distance to bustling downtown Black Mountain. First time on the market in over 30 years. Former location of well stablished restaurant. Over 4700 sqft on a .95 acre lot zoned highway business which allows so many uses. Over 230' of road frontage on W. State St. (Old US Hwy 70). New wiring and new HVAC system. Ample on site parking. Just minutes to Asheville. Restaurant equipment is negotiable. Former Coach House restaurant that was thriving before the storm. Property is also for sale $1,100,000. Call listing agent for showings.

Space Size Space Use Position Available
1st Floor 4,724 SF Restaurant - Now

1st Floor

Size
4,724 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 4,724 SF
Space Use Restaurant
Position -
Available Now

Excellent opportunity for an investment property in fantastic location on 4 lane road walking distance to bustling downtown Black Mountain. First time on the market in over 30 years. Former location of well stablished restaurant. Over 4700 sqft on a .95 acre lot zoned highway business which allows so many uses. Over 230' of road frontage on W. State St. (Old US Hwy 70). New wiring and new HVAC system. Ample on site parking. Just minutes to Asheville. Restaurant equipment is negotiable. Former Coach House restaurant that was thriving before the storm. Property is also for sale $1,100,000. Call listing agent for showings.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

First Citizens Bank
First Bank NC
Fifth Third Bank
Starbucks
Ingles Markets

Property Taxes

Property Taxes

Parcel Number
0619-04-7658-00000
Land Assessment
$566,012 CAD
Improvements Assessment
$363,298 CAD
Total Assessment
$929,311 CAD
  • Listing ID: 37915412

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 508 W State St, Black Mountain, NC 28711

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