22
  • Property Type
  • Industrial, Commercial Sale
  • 1994
  • Year Built

440 E State Street, Black Mountain, North Carolina 28711

  • $1,800,000

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.

  • Address: 440 E State Street, Black Mountain, North Carolina 28711
  • City: Black Mountain
  • State/county: NC
  • Zip/Postal Code: 28711

Details

Updated on July 7, 2026 at 12:41 pm
  • Property ID 4364315
  • Price $1,800,000
  • Year Built 1994
  • Property Type Industrial, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash, Conventional, Private
  • Roof Metal
  • Sewer Public Sewer
  • County Buncombe
  • Property Type Commercial Sale

Mortgage Calculator

Contact Information

View Listings
The Simpson Group Realty
  • The Simpson Group Realty

Enquire About This Property

Similar Listings