508 W State Street, Black Mountain, NC 28711 | MLS #4308786 | Ivester Jackson Distinctive Properties

Listing provided courtesy of Howard Hanna Beverly-Hanks Asheville-DowntownMLS# 4308786

Excellent opportunity for an investment property in fantastic location on 4 lane road walking distance to bustling downtown Black Mountain. Over 4700 sqft on a .95 acre lot zoned highway business which allows for many commercial uses. Former location of well established restaurant. Over 230' of road frontage on W. State St. (Old US Hwy 70). New wiring and new HVAC system. Ample on site parking. Just minutes to Asheville. Restaurant equipment and chattel negotiable.

Source: Canopy MLS, MLS#: 4308786

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Property Type

Commercial Sale

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Ivester Jackson Christie's
Ivester Jackson North Shore Office
Primary 888-378-5232
Client Ratings:

Median Age

55
Population Density

130
College Educated

58%
Estimated Median Income

$54,808
Estimated Total Home Owners

3,827
Estimated Total Renters

1,923
Owner / Renter Divide

67% / 33%
Estimated Average Household Size

2
Total Population

13,018
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 508 W State Street

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value
1/27/2026Source: Canopy MLS	Price Reduction	$985,000 -10.5%
10/2/2025Source: Canopy MLS	Added to Database	October 02, 2025
10/2/2025Source: Canopy MLS	Added to Database	October 02, 2025