0 Beds

49 Baths

n/a SqFt


Prime commercial investment opportunity poised for development in ideally situated Opportunity Zone with optimal access to 2 major highways. 4 parcels totaling 8.16 acres includes the successfully operating 48-room Red Roof Inn, available as part of the purchase or for residential conversion combined with a larger housing development on additional acreage. 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, and water line 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
Price $8,000,000
Total Baths 49
Lot Size Area 8.16
Lot Size Area Units Acres
Property Type Commercial
MLS Sub type Unimproved Commercial
Stories 2
Year Built 2002
Roof Shingle
Heating Ductless, Heat Pump
Foundation Slab
Accessibility Two or More Access Exits, Bath 60 Inch Turning Radius, Bath Grab Bars, Bath Low Mirrors, Bath Raised Toilet, Roll-In Shower, Bath Roll-Under Sink, Door Width 32 Inches or More, Lever Door Handles, Elevator, Entry Slope less than 1 foot, Exterior Curb Cuts, Hall Width 36 Inches or More, Handicap Parking, No Interior Steps
Lot Description Corner Lot, Level, Open Lot, Paved, Other - See Remarks
Parking Description Parking Lot
Parking Spaces 54
Geographic Data
County Henderson
Latitude 35.33766
Longitude -82.439343
Address Information
Address 240 & 238 Mitchelle Drive, Hendersonville, NC 28792
Postal Code 28792
City Hendersonville
State NC
Country United States
Listing Information
Listing Office Looking Glass Realty, Saluda
Listing Office Phone 828-749-4663
Listing Agent Amy Wood
Listing Agent Phone 828-713-2227
Sub Agency Compensation Type $
Buyer Agency Compensation 2
Attribution Contact amywood@lookingglassrealty.com
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Terms Assumable, Cash, Conventional
MLS Information
Days on market 35
MLS Status Active
Listing Date Jan 22, 2024
Listing Last Modified Feb 26, 2024
Tax ID 9965940
MLS # CAR4100738

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This information is believed to be accurate, but without any warranty.