Improved Mixed-Use Land for Sale in Black Mountain, North Carolina
1186 Old US 70 Hwy, Black Mountain, NC 28711
Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the "Front Porch of Western North Carolina," this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain-known for its artisanal shops and craft breweries-and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region's most desirable locations. NO HISTORICAL RESTRICTIONS!
Location
- Street address
- 1186 Old US 70 Hwy
- County
- Buncombe County
- Zip code
- 28711
- Elevation
- 2,352 feet
Property details
- Acreage
- 2.24 acres
- Zoning
- OI-6
- MLS #
- CMLS 4258643
- Posted
Parcels
- 060984327600000
Legal description
Deed Date:08/28/1989 Deed:1574-0484 Lot:1 Plat:0156-0197 and Deed Date: 08/28/1989 Deed: 1574-0484 Subdiv: Block: Lot: 1 Section: Plat: 0177-0032
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
| Name | Type |
|---|---|
| Black Mountain | Elementary |
| Charles D Owen | Middle |
| Charles D Owen | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 9, 2026 | Price drop | $1,500,000 | $99,999 -6.2% | CMLS |
| Jan 23, 2026 | Price drop | $1,599,999 | $1 0% | CMLS |
| Aug 21, 2025 | Price drop | $1,600,000 | $50,000 -3% | CMLS |
| June 11, 2025 | New listing | $1,650,000 | — | CMLS |