240 & 238 Mitchelle Drive
240 & 238 Mitchelle Drive
Hendersonville, NC 28792
$8,000,000
- Lot Size: 7.09 Acres
Description
Prime commercial investment opportunity poised for development in ideally situated Opportunity Zone with optimal access to 2 major highways. 4 parcels totaling 7.09 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 Summary
| Property Type: | Commercial Sale | Property Subtype : | Unimproved Commercial |
| Year Built : | 2002 | Construction Type : | Site Built |
| Lot Size : | 7.09 Acres |
Property Features
- Corner Lot
- Level
- Open Lot
- Paved
- Other - See Remarks
- Insulated Window(s)
- Window Treatments
Appliances
- Bar Fridge
More Information
- Roof : Shingle
- Parking : Parking Lot
- Heating : Ductless, Heat Pump
- Cooling : Ductless, Heat Pump
- Water Source : City
- Road : Private Maintained Road
- Listing Terms : Assumable, Cash, Conventional
- Possible Use : Commercial, Development, Multi-Family, Subdevelopment
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.