For Sale
$4,500,000

1 Old Mill LnWeaverville, NC 28787

Historic Mill, Riverfront Property, 10,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional mixed-use property, situated on 5.2 acres in Weaverville, NC, presents a rare investment opportunity. The property comprises three buildings totaling 10,000 square feet, constructed in 1905 and 1942, with renovations completed in 2012. The main structure boasts approximately 2,500 square feet on the first floor, featuring 12-foot ceilings and two restrooms, plus approximately 2,200 square feet on the second floor with 14-foot ceilings, and a 600-square-foot third floor with a full bath. A significant portion of the square footage includes a 1,400-square-foot patio and an approximately 1,800-square-foot basement, formerly a commercial kitchen. Note that some areas may lack active heating and cooling. The property also includes a 1,100-square-foot, three-bedroom, two-bathroom house with a deck and unfinished basement, and a 580-square-foot cottage with a deck on a separate adjoining parcel. City water, sewer, and natural gas are available. The property's EMP/R-3 zoning permits diverse mixed and commercial uses. The former use was a 200-seat restaurant. The R-3 zoning allows for three units per acre and short-term rentals. Located just eight miles north of downtown Asheville and two miles from downtown Weaverville, this property offers several hundred feet of waterfront access on Reems Creek. The asking price is $4,500,000, translating to $450 per square foot. The property's APN is 9742-13-7098 & 9742-22-1726. This unique property offers a blend of history, commercial potential, and stunning riverfront location.

Highlights

  • $4,500,000 asking price for a mixed-use property.
  • 10,000 square feet, priced at $450 per square foot.
  • Three buildings totaling 10,000 square feet, built in 1905 & 1942, renovated in 2012.
  • Located on a 5.2-acre lot in Weaverville, NC, with EMP/R-3 zoning.
  • Includes a 3-bedroom, 2-bathroom house (1,100 sq ft) and a 580 sq ft cottage.

Property Details for 1 Old Mill Ln

Property type
Mixed-use properties
Square Feet
10,000 SF
Class
B
Year Built/Renovated
1905/2012
Buildings
3
Stories
3
Lot Size (sq. ft)
226,512 SF

Location Insight

City
Weaverville
County
Buncombe
State
North Carolina
Latitude
35.684787
Longitude
-82.5642239
1 Old Mill Ln, Weaverville, North Carolina

FAQs

What type of property is this?
Mixed-use property - Historic Mill, Riverfront Property, 10,000 SF
Where is the mixed-use property located?
The property is located at 1 Old Mill Ln Weaverville, NC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: $4,500,000 asking price for a mixed-use property.; 10,000 square feet, priced at $450 per square foot.; Three buildings totaling 10,000 square feet, built in 1905 & 1942, renovated in 2012.
How can I contact the broker?
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1 Old Mill Ln
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