Description
Possible Seller Financing . Historic Weaverville Milling Company. Circa 1914 … Rare Opportunity…..150+ year old Grist Mill / former 150 seat Restaurant includes house and cottage, on 5.25 acres, with a private oasis along 1, 000 ft. of bold Reems Creek waterway. Property is ocated in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant…. The Mill is over 7, 000 sq.ft. + 1, 400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath, and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath, kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. 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, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.
Address
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Address: 1 Old Mill Lane, Weaverville, North Carolina 28787
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City: Weaverville
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State/county: NC
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Zip/Postal Code: 28787
Details
Updated on August 2, 2026 at 9:02 am-
Property ID 4410364
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Price $4,000,000
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Property Size 9000 m²
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Bedrooms 4
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Bathroom 1
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Year Built 1914
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Property Type Triplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Owner Financing
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Roof Metal
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Utilities Cable Connected, Natural Gas, Phone Connected
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Sewer Public Sewer
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Cooling None
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Heating Forced Air, Natural Gas
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County Buncombe
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Property Type Residential Income
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Parking Parking Lot, Other - See Remarks
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Elementary School Unspecified
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Middle School Unspecified
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High School Unspecified
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Waterfront Other - See Remarks
Features
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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