$1,800,000
( )
 $9,390 est/mo Sourced by Back At You

440 E State Street,Black Mountain, NC 28711

Black Mountain, NC 28711

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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.

Details

MLS #4364315
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive Under Contract
Year1994
Days On Site148
Listing Provided ByCENTURY 21 Connected | Aaron Palmer

Features

Building(s)4
Acreage2.13

Exterior

RoofMetal
Foundation DetailsSlab

Other

List AorLand of The Sky Association of Realtors

Taxes

Property1520000

Area Information

StateNC
CountyBuncombe
CityBlack Mountain
Zip Code28711
AreaBuncombe
Listing VS Median (in 28711)
Price:
$1,800,000
low | high
Med:
$648,500
100% of Average
On site:
148
low | high
Med:
214.5
68.997668997669% of Average
Sourced by Back At You

Market Activity 28711

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Additional Information


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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Learn More About This Property

StateNC
CountyBuncombe
CityBlack Mountain
Zip Code28711
AreaBuncombe
Listing VS Median (in 28711)
Price:
$1,800,000
low | high
Med:
$648,500
100% of Average
On site:
148
low | high
Med:
214.5
68.997668997669% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.35M - $2.25M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
206 E State Street Property Photo 1
$1,200
206 E State Street
Black Mountain, NC 28711
202 Midland Avenue Property Photo 1
$1,100,000
202 Midland Avenue
Black Mountain, NC 28711
Listing Updated: August 16, 2026 at 1:41:24 PM PDT