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 # | 4364315 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1994 |
| Days On Site | 148 |
| Listing Provided By | CENTURY 21 Connected | Aaron Palmer |
| Building(s) | 4 |
|---|---|
| Acreage | 2.13 |
| Roof | Metal |
|---|---|
| Foundation Details | Slab |
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 1520000 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Black Mountain |
| Zip Code | 28711 |
| Area | Buncombe |
| Listing VS Median (in 28711) | |
Price: $1,800,000 low | high Med: $648,500 On site: 148 low | high Med: 214.5 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Black Mountain |
| Zip Code | 28711 |
| Area | Buncombe |
| Listing VS Median (in 28711) | |
Price: $1,800,000 low | high Med: $648,500 On site: 148 low | high Med: 214.5 | |