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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1100-1104 Montreat Rd , Black Mountain, NC 28711
$825,000
Est. Payment: $1,833.33/mo
0 Bed
3 Bath
9785 Sqft
Status: Active | Days on site: 49
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House Description

Save a little of Black Mountain History with a legacy project. Iconic and historic 1946 concrete block building apr 12,011 square feet under roof consisting of two floors with ground-level loading access on both floors and apx .25 acres of wrap-around concrete drive for access and loading. Originally a community grocery store, it has a rich history and was designated a bomb shelter during the Cold War. Current owners have had a metal-working shop there for 40+ years and have a grandfathered right to pass Light Manufacturing use on to next owner. There is currently a month-to-month lease with subtenant in place. Thick concrete walls built in "post and beam" construction, 4" cork insulation between floors, 2 chain joist systems, plenty of storage and workspace. The sale includes the additional property next door with a single-family home in need of complete renovation for a combined size of 1 acre MOL. UR8 Zoning on lot with the house/Grandfathered usage with UR8 zoning on lot with Machine Shop. Both lots sold together. This project will require upfitting for most new uses.

Highlights

Listed by Robin Cape , 828-216-4009 EXP Realty LLC , 888-584-9431.

Property Type

Commercial Sale

Lot/Acreage
1

Year Built

1946

County

Buncombe

Listing ID

4366364

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Below Ground Sq Ft:0
Basement:Basement Garage Door,Basement Shop,Bath/Stubbed,Full,Interior Entry,Partially Finished,Storage Space,Walk-Out Access,Walk-Up Access
Water:City

Exterior Features

Lot:Cleared,Corner Lot,Infill Lot,Level,Open Lot,Paved
Garage Capacity:10
Roof:Built-Up,Flat,Rubber,Wood Joists
Sewer:Public Sewer
Parking Features:Driveway,On Street,Parking Lot
Principal Interest
$1,833
Taxes
$526

Home Price

$825,000

Loan Details

30 yrs
%

Down Payment

20%
$165,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,833.33 $525.94 $0.00 $2,359.27
Yearly $22,000.00 $6,311.25 $0.00 $28,311.25
Total $660,000.00 $189,337.50 $0.00 $849,337.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Black Mountain, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.