440 E State ST, Black Mountain, NC 28711
440 E State ST, Black Mountain, NC 28711
440 E State ST, Black Mountain, NC 28711
440 E State ST, Black Mountain, NC 28711
440 E State ST, Black Mountain, NC 28711
440 E State ST, Black Mountain, NC 28711
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Carolyn McMurray

Carolyn McMurray

+1(919) 369-3544
$ 1,800,000
Est. payment | /mo

2.13 Acres Lot

Save
$ 1,800,000
Est. payment | /mo
Save

2.13 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active Under Contract

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.

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

Nearby Locations

Carolyn McMurray

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(919) 369-3544

camcmurrayrealtor@gmail.com

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440 E State ST