Red Roof Inn. Lot C. - 240 Mitchelle Drive, Hendersonville
Also includes Lot D: Facing I-26, highly visible flat land ready to build. - 240 Mitchelle Drive, Hendersonville
Red Roof Inn, has 48 Rooms. - 240 Mitchelle Drive, Hendersonville
54 Total existing parking spaces (Includes 3 Handicapped) - 240 Mitchelle Drive, Hendersonville
Lobby - 240 Mitchelle Drive, Hendersonville
Unimproved Commercial at 240 Mitchelle Drive, Hendersonville, photo 6 of 26
Unimproved Commercial at 240 Mitchelle Drive, Hendersonville, photo 7 of 26
Unimproved Commercial at 240 Mitchelle Drive, Hendersonville, photo 8 of 26
Elevator - 240 Mitchelle Drive, Hendersonville
Main Floor has 21 Rooms for rent. 2nd floor has 27 Rooms for rent. - 240 Mitchelle Drive, Hendersonville
Unimproved Commercial at 240 Mitchelle Drive, Hendersonville, photo 11 of 26
16 King Rooms available, 3 designated handicap - 240 Mitchelle Drive, Hendersonville
31 2-Queen rooms available, 1 with doubles - 240 Mitchelle Drive, Hendersonville
Stairs to second floor. Opens to Lot D, perfect for building a larger building and connecting with a breezeway. - 240 Mitchelle Drive, Hendersonville
3-Phase Eletric Power - 240 Mitchelle Drive, Hendersonville
Electrical Room has space for more panels - 240 Mitchelle Drive, Hendersonville
Elevator Utility Room - 240 Mitchelle Drive, Hendersonville
Laundry Room, expansion - 240 Mitchelle Drive, Hendersonville
Water Heater Room. Water Heaters are 100 Gallons each, enough space in the room for two more units. - 240 Mitchelle Drive, Hendersonville
Back of The Red Roof Inn - 240 Mitchelle Drive, Hendersonville
3-Phase electric to property and then goes underground. In the distance is the on-ramp for I-26 - 240 Mitchelle Drive, Hendersonville
3-Phase electric goes underground at the entrance of the property. - 240 Mitchelle Drive, Hendersonville
Lot D ready to build - 240 Mitchelle Drive, Hendersonville
Arrow pointing at the Red Roof Inn, Lot D is to the right fronting I-26! - 240 Mitchelle Drive, Hendersonville
Behind the Red Roof Inn and additional lots is a camp. - 240 Mitchelle Drive, Hendersonville
Annual Daily Average Traffic from I-26: Approximately 50,000. - 240 Mitchelle Drive, Hendersonville
26 photos

$6,200,000

240 Mitchelle Drive
Hendersonville, NC 28792
Listed by Amy Wood · Looking Glass Realty, Saluda
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2002

About this home

Prime commercial investment opportunity poised for development in ideally situated Opportunity Zone with optimal access to 2 major highways. Two parcels totaling 3.87 acres. One Parcel has the the 48-room Red Roof Inn, and parking lot. The other parcel is shovel ready. A larger building could be built on the 2+ acres on the interstate and then connected with a breezeway to the inn. Or the land could bea great location for a retail or restaurant with it high visibility. 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, water line and storm management 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.

Property details

MLS
Canopy MLS
MLS #
CAR4321622
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
November 14, 2025
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hendersonville Elementary
2.28 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
321
Student:teacher ratio
14.6:1
District
Henderson County Schools
Middle
Flat Rock Middle
4.67 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
761
Student:teacher ratio
15.5:1
District
Henderson County Schools
High
East Henderson High
2.92 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
910
Student:teacher ratio
15.2:1
District
Henderson County Schools

Walkability

Blended score for Hendersonville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

43
Somewhat walkable
out of 100
EPA National Walkability Index
10.5 / 20 -- Below average walkable
Google Places amenity density
28 / 100
Restaurants & cafes0
Grocery stores2
Parks1
Schools2
Transit stops1
Pharmacies0

Market position

How this listing compares to current activity in Hendersonville, from live MLS data.

On the market 0 days -- 135 fewer days than Hendersonville's current average of 135 days.
For reference, the median list price across 815 active listings in Hendersonville right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$37,487/mo
$1,240,000 down
$4,960,000 loan
Principal & interest$32,170
Property tax (est.)$5,167
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated November 14, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.