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Improved Mixed-Use Land for Sale in Black Mountain, North Carolina

1186 Old US 70 Hwy, Black Mountain, NC 28711

$1,500,000
2.24 acres
Active sale
$100k drop
Est $7,975/mo

Step into a once-in-a-lifetime investment opportunity in the heart of the Blue Ridge Mountains. This historic inn dating back to the 1800s in Black Mountain, NC, seamlessly blends original architectural charm with massive commercial potential. Perfectly positioned in one of Western North Carolina's most highly sought-after tourist destinations, this property is a dream acquisition for hospitality investors, boutique hotel operators, or visionary developers. The Inn: Timeless Character Meets Scale With a history dating back to the 1800s, the main dwelling radiates authentic mountain charm while offering the scale needed for a highly profitable hospitality venture. Accommodations: Featuring 7 spacious bedrooms and 9 bathrooms, the inn is perfectly configured to operate as a premier bed and breakfast, boutique hotel, or exclusive corporate retreat. Historic Charm: Original details and craftsmanship have been carefully maintained, offering guests an unforgettable, authentic mountain getaway experience that modern builds simply cannot replicate. The Land: Limitless Commercial Expansion The true unparalleled value of this estate lies in the land. Situated on over 2 acres of prime commercial property, the site offers a wealth of expansion opportunities in a market where commercial acreage is exceptionally rare. Development Potential: The expansive footprint provides the perfect canvas to build additional guest structures, luxury glamping sites, or standalone rental cabins. Event Venue Capabilities: Transform the sprawling grounds into a premier destination for weddings, retreats, and private events, creating lucrative multiple streams of income. Unbeatable Black Mountain Location Affectionately known as "The Front Porch of Western North Carolina," Black Mountain boasts a thriving downtown filled with artisanal shops, craft breweries, and top-tier dining-all just minutes from the vibrant city of Asheville. Properties of this magnitude and historical significance in such a high-demand market are a profound rarity. Secure Your Legacy Whether you are looking to restore a historic bed and breakfast to its former glory or develop a multi-faceted commercial retreat, this Black Mountain estate is the ultimate canvas.

4,703
Sq feet
7
Beds
9
Full baths
1830
Built

Location

Street address
1186 Old US 70 Hwy
Elevation
2,352 feet
Coordinates
35.6119, -82.3369

Property details

Acreage
2.24 acres
Zoning
OI-6
MLS #
CMLS 4258643
Posted

Parcels

  • 060984327600000

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Green Area, Level, Private, Wooded

Exterior

Parking
Driveway, RV
Pool
Patio

Structure

Stories
2
Basement
Interior Entry, Unfinished
Sewer
Public Sewer
Heating
Baseboard, Central, Wall Furnace, Wood, Wood Stove
Cooling
Central Air, Wall Unit(s), Window Unit(s)
Materials
Asbestos, Vinyl
Roof
Fiberglass, Metal, Rubber

Interior

Room Count
7
Rooms
Basement, Bathroom x 9, Bedroom x 7, Laundry Room
Flooring
Tile
Fireplaces
Yes
Appliances
Dishwasher, Dryer, Electric Cooktop, Electric Oven, Refrigerator

Nearby schools

NameType
Black MountainElementary
Charles D OwenMiddle
Charles D OwenHigh

Listing history

DateEventPriceChangeSource
Mar 9, 2026Price drop$1,500,000$99,999 -6.2%CMLS
Jan 23, 2026Price drop$1,599,999$1 0%CMLS
Aug 21, 2025Price drop$1,600,000$50,000 -3%CMLS
June 11, 2025New listing$1,650,000CMLS
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This 2.24-acre property is located at 1186 Old US 70 Hwy in Black Mountain, NC 28711. The property is available for sale for $1,500,000. It has a 4,703 sq ft 7 bedroom, 9 bath house built in 1830.

Checked 2 hours ago — Updated

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