440 E State Street
Black Mountain, NC 28711
Est. $10,347/mo — See my rate
About This Home
Black Mountain Mini Storage at 440 E State St, Black Mountain, NC offers investors the opportunity to acquire a fully stabilized self-storage asset in one of Western North Carolina’s most sought-after markets. This 20,095 SF facility features 182 units, was built in 1994, and is currently 100% occupied, delivering immediate in-place cash flow. Positioned along highly accessible E State Street, the property benefits from strong visibility, direct access, and proximity to both downtown Black Mountain and Asheville. Current gross revenue is approximately $204,000 annually, with additional upside through strategic rent increases, as current rates are below market across key unit sizes. Offered at $1,800,000, or approximately $90/SF, this asset presents an attractive below-replacement-cost basis with clear value-add potential. The offering also includes the possibility for future expansion of approximately 1,000–2,000 NRSF, giving investors another avenue for long-term growth. With strong occupancy, proven demand, and immediate revenue enhancement potential, this is a compelling chance to own a high-performing storage property in a thriving mountain submarket.
* Drive by only without an appointment. Please do not go in and speak to the manager. All showings are by appointment only with 24 hour notice.
Property Details
Interior Details
- Inclusions
- Building
- Business
- Equipment
- Fixtures
- Inventory
- Land
- Sqftmaximumlease
- 0.00
- Sqftminimumlease
- 0.00
- Sqftavailablemaximum
- 20095
- Sqftavailableminimum
- 20095
Square Footage And Levels
- Below Grade Finished Area
- 0
Exterior Features
- Roof
- Metal
Lot And Land
- Fencing
- Chain Link
- Lot Size Acres
- 2.13
- Lot Size Units
- Acres
Basement And Foundation
- Foundation Details
- Slab
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Black Mountain
Zoning And Restrictions
- Zoningspecification
- HB-8
Multi Unit Details
- Number Of Buildings
- 4
- Number Of Leased Units
- 182
Listed by Aaron Palmer (828-545-8741) · CENTURY 21 Connected (828-348-0222)
Location
- Address
- 440 E State Street
- City
- Black Mountain, NC 28711
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