Business at 24 Andrews Avenue S, Hot Springs
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$249,000

24 Andrews Avenue S
Hot Springs, NC 28743
Listed by Chris Smith · Century 21 Connected
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1933

About this home

Discover unparalleled investment potential in thriving Hot Springs, NC! This newly renovated commercial property offers a turnkey blank canvas for entrepreneurs. Strategically positioned on the bustling corridor between Asheville and Knoxville, the location captures heavy foot traffic from Appalachian Trail hikers and tourists drawn to the area’s world-famous mineral baths. Zoned for maximum versatility, the open floor plan is ideal for a flagship retail boutique, a trendy brewery or cafe, or professional office space. This property allows you to capitalize on the region’s booming tourism market through high-demand commercial or hospitality ventures. Having fully rebounded from recent weather events, Hot Springs is a resilient, dynamic community with steady year-round demand. This 100% renovated asset allows you to bypass construction delays and start operating or leasing immediately. Whether you envision a boutique storefront, a local dining hotspot, or a premier executive suite, this property represents a premium commercial asset in the heart of the Blue Ridge Mountains. Secure your place in a community reborn and join a thriving market with excellent visibility and exposure.

Property details

MLS
Canopy MLS
MLS #
CAR4351387
Property type
Business
Subdivision
N/A
Status
Active
Days on market
166
On market date
February 27, 2026
Stories
N/A
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
Hot Springs Elementary
0.34 mi away · Grades 0-5
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
131
Student:teacher ratio
10.9:1
District
Madison County Schools
Middle
Madison Middle School
7.17 mi away · Grades 6-8
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
439
Student:teacher ratio
11.6:1
District
Madison County Schools
High
Madison Early College High
10.02 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.1
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
271
Student:teacher ratio
27.1:1
District
Madison County Schools

Walkability

Blended score for Hot Springs'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).

42
Somewhat walkable
out of 100
EPA National Walkability Index
6.8 / 20 -- Below average walkable
Google Places amenity density
53 / 100
Restaurants & cafes9
Grocery stores2
Parks1
Schools2
Transit stops0
Pharmacies1

Market position

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

On the market 166 days -- 57 more days than Hot Springs's current average of 109 days.
For reference, the median list price across 46 active listings in Hot Springs right now is $381,500.

Mortgage calculator

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

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Est. monthly payment
$1,650/mo
$49,800 down
$199,200 loan
Principal & interest$1,292
Property tax (est.)$208
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated August 12, 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.