Unimproved Commercial at Black Mountain
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8 photos

$13,500,000

Black Mountain, NC 28711
Listed by Jesse Ratliff · Looking Glass Realty AVL LLC
Bedrooms
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Living area
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Year built
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About this home

Spanning nearly 150 acres, this site offers an unprecedented development opportunity within Asheville’s continued expansion to the east. This legacy site represents one of the largest available land assemblages with interstate frontage in Western North Carolina. The property is positioned along I-40 with direct access to the planned and fully funded Blue Ridge Road interchange (NCDOT Project #I-4409). Located within a corridor identified for significant infrastructure investment and growth, the site will benefit from enhanced regional access and visibility. All utilities are available, and permitted uses support a wide range of commercial, residential, and mixed-use possibilities. Situated out of the floodplain, but within the picturesque Swannanoa River Valley, the property features exceptional views of Greybeard Mountain, Craggy Dome, and the Seven Sisters. This large Employment (EMP)-zoned tract offers one of the most flexible and scalable development profiles in Buncombe County. With the new I-40 interchange strengthening its potential for thoughtful, well-integrated development that aligns with the region’s growing economic landscape.

Property details

MLS #
CAR4321169
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
November 14, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
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Parking spaces
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Lot size
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Black Mountain Elementary
2.42 mi away · Grades 4-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
146
Student:teacher ratio
11.2:1
District
Buncombe County Schools
Middle
Owen Middle
1.61 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
457
Student:teacher ratio
13.4:1
District
Buncombe County Schools
High
Early College
11.89 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
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Black Mountain'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).

27
Car-dependent
out of 100
EPA National Walkability Index
8.5 / 20 -- Below average walkable
Google Places amenity density
3 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops1
Pharmacies0

Market position

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

On the market 0 days -- 136 fewer days than Black Mountain's current average of 136 days.
For reference, the median list price across 246 active listings in Black Mountain right now is $409,798.

Mortgage calculator

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Est. monthly payment
$81,449/mo
$2,700,000 down
$10,800,000 loan
Principal & interest$70,049
Property tax (est.)$11,250
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.