240 & 238 Mitchelle Drive Hendersonville, NC $ 8,000,000
240 & 238 Mitchelle Drive
$ 8,000,000
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240 & 238 Mitchelle Drive

Hendersonville, NC, 28792
$ 8,000,000
Baths49.0 Sq 22,392

Monthly Estimate*

$ 55,882

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Studio

Commercial Property for sale in Hendersonville, NC

for $8,000,000 with 49 full baths. This 22,392 square foot building was built in 2002 on a lot size of 8.16.

Prime commercial investment opportunity poised for development in ideally situated Opportunity Zone with optimal access to 2 major highways. 4 parcels totaling 8.16 acres includes the successfully operating 48-room Red Roof Inn, available as part of the purchase or for residential conversion combined with a larger housing development on additional acreage. Situated in fast-growing Henderson County, NC between Asheville, NC and Greenville/Spartanburg, SC, this property is surrounded by large national retailers and is shovel ready to take advantage of current and projected growth, including sewer, 3-phase power line, gas line, and water line already in place.C-3 zoning allows for a variety of commercial opportunities. Just 5 minutes from historic downtown Hendersonville, this community attracts approximately 2 million tourists per year and has grown its population by nearly 12% over the last 5 years.

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Commercial Active

Price

$ 8,000,000

Bedrooms

Studio

Full Bath

49

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

8.16

Year Built

2002

Town/City

Hendersonville

County/Region

Henderson

MLS | Web ID

4100738

Features
General
Sewer Public Sewer
Heating Ductless Heat Pump
Cooling Ductless Heat Pump
Utilities Electricity Connected Fiber Optics Gas Phone Connected Underground Power Lines Underground Utilities Wired Internet Available
Roof Shingle
Appliances Bar Fridge
Zoning C-3
Year Built 2002
Property SubType Unimproved Commercial
Elevation 2000
Accessibility Two or More Access Exits Bath 60 Inch Turning Radius Bath Grab Bars Bath Low Mirrors Bath Raised Toilet Roll-In Shower Bath Roll-Under Sink Door Width 32 Inches or More Lever Door Handles Elevator En
Additional Parcels Description 9965941 9965939 109582
County Henderson
New Construction N
Property Type Commercial Sale
Possible Use Commercial Development Multi-Family Subdevelopment
City Hendersonville
Total Units 48
Number of Units Leased 48
Street Name Mitchelle
Standard Status Active
Property Financing On Request
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 2770200
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Interior
Flooring Carpet Laminate
Street Suffix Drive
Total Baths 49
SqFt Garage 0
Number Of DocksTotal 0
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Exterior
Parking Features Parking Lot
Lot Features Corner Lot Level Open Lot Paved Other - See Remarks
Water Source City
Total Parking 54
Inclusions Building Equipment Fixtures Land
Lot Size Area 8.16
Foundation Details Slab
Number of Buildings 1
Building Area Total 22392
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type 4 Lane Highway Interstate 1 mile or Less Interstate Private Road
Road Responsibility Private Maintained Road
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* Excluded Features
List By
Looking Glass Realty, Saluda

Broker

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$55,882
Per Month
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Monthly Principal & Interest
$55,882
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2024$8,000,000 Listed Price

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240 & 238 Mitchelle Drive, Hendersonville, NC, 28792 is a Commercial Property for sale at $8,000,000 with 22,392 sqft and a lot size of 8.16. 240 & 238 Mitchelle Drive is a studio with 49.0 baths and was built in 2002. The property's zip code is 28792 which is in Hendersonville, NC