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$2,995,000

Mills River, NC 28759
Listed by Austin Walker · Whitney Commercial Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1964

About this home

Introducing an exceptional development opportunity in the heart of Mills River. This MRMU-zoned property offers a strategic foothold for land or industrial investors seeking a presence in the thriving Asheville market. Situated at the intersection of Old Fanning Bridge Road and NC Highway 191, the parcel enjoys nearly 900 feet of frontage on NC 191 with excellent visibility and accessibility. The rectangular configuration, public water access, and gentle topography create a highly developable site suitable for a range of uses. A septic system will be required, but site conditions support straightforward infrastructure planning. With its premier location and versatile development potential, 5620 Old Haywood Road stands out as a compelling investment in one of Western North Carolina’s most desirable commercial corridors. Existing house and barn conveyed at no value. - located at corner of NC 191 and Old Fanning Bridge Rd. - nearly 900 feet of frontage on NC 191 - access to public water (12" and 6" lines) - gentle topography - Town of Mills River - Mixed Use zoning

Property details

MLS #
CAR4318127
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
77
On market date
October 31, 2025
Stories
N/A
Garage spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Glenn C Marlow Elementary
1.93 mi away · Grades 0-5
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
572
Student:teacher ratio
15.9:1
District
Henderson County Schools
Middle
Rugby Middle
5.61 mi away · Grades 6-8
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
784
Student:teacher ratio
14.5:1
District
Henderson County Schools
High
Henderson County Early College
11.87 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
204
Student:teacher ratio
34.0:1
District
Henderson County Schools

Mortgage calculator

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Est. monthly payment
$18,186/mo
$599,000 down
$2,396,000 loan
Principal & interest$15,540
Property tax (est.)$2,496
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated February 13, 2026.

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.