1114 Montreat Road, Black Mountain NC Real Estate Listing

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Price	Down Payment	Interest Rate	Years
		%

Est. Mortgage: $/month

Federal 30-year interest rate: 7.03% last updated on 2023-12-07

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Unique commercial or re-development opportunity. Previously used as an assisted living facility, the 12,855 sf main building (with 26 bedrooms, 14 full baths, 5 half baths) and 1328 sf house sit on nearly 2 acres along Flat Creek. Recently re-zoned to UR-8 (up to 8 lots per acre), the land is nearly flat. The building is in fair condition but needs updating. House has been gutted; both could be renovated to accommodate a variety of potential uses, or raze the buildings and create a creekfront residential development a mile from downtown. Road frontage with public sidewalk. Permitted Uses include Shared housing/Community living facilities, Single-family, duplexes, gov't facilities, and places of worship. Special Uses (permit required) include Conservation Subdivision, Cottage Housing Subdivision, Residential PUD, MHP, and Multi-family. Other potential uses (with added requirements) include Boarding House, Family Care Home, Agriculture, and B&B. Portion of property in flood plain.

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Basic Information

ForeclosureN
List Price$1,299,000
MLS NumberCAR4000302
MLS StatusActive
Property SubTypeSPECIAL PURPOSE

Property

Acreage1.96
Parking Spaces12
Water Source City
ZoningUR-8

Property Information

Construction Materials Cedar Shake, Concrete
Inclusions Building, Equipment, Fixtures, Land
Number Of Buildings 2

Tax Information

Taxes$228,500

Building

Elevation 2000
Foundation Details Basement, Slab, Other - See Remarks
Square Feet14,183
Year Built1963

Interior

Flooring Concrete

Utilities

Cooling ["Window Unit(s)"]
Heating Baseboard
Sewer Public Sewer
Utilities ["Cable Connected", "Electricity Connected"]

Other

View Count20

Parking

Garage Spaces

Location

Building Number1114
CountyBuncombe
Directions I-40, Exit 64/Hwy 9. Travel north for 1.7 miles. Property is on the right.
StateNC
StreetMontreat Road
Zip28711

Exterior

Roof Composition

Amenities

ViewMountain(s), Water, Year Round

Legal

Parcel Number 0710-41-7795-00000

Broker Reciprocity © 2023 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS. Based on information submitted to the MLS GRID as of December 8, 2023 11:47 PM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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