USANCBlack Mountain440 E State St
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$1,800,000

For Sale

5 days ago

440 E State St, Black Mountain, NC

House

MLS® 4364315

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 1994
MLS® Number 4364315

Property Address: 440 E State St, Black Mountain, NC, 28711-3519

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4364315
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1994
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 1, 2026List Date
$1,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
440 E State St, Black Mountain, NC

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