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$ 1,800,000
Est. payment | /mo
2.13 Acres Lot
$ 1,800,000
Est. payment | /mo
2.13 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4364315
Year Built 1994
Lot Size 2.130 Acres
Acres 2.13
Property Sub-Type Industrial
Property Description
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.
* 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.
Location
State NC
County Buncombe
Zoning HB-8
Interior
Inclusions Building, Business, Equipment, Fixtures, Inventory, Land
Exterior
Fence Chain Link
Roof Type Metal
Street Surface Concrete
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
New Construction false
Others
Senior Community false
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Special Listing Condition None
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Aaron Palmer • CENTURY 21 Connected • aaron@groundfloorproperties.com
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