9/1 Old Mill Lane, Weaverville, NC 28787
Buncombe County
Key Facts
Description
Possible Seller Financing . Historic Weaverville Milling Company. Circa 1914 ... Rare Opportunity.....150+ year old Grist Mill / former 150 seat Restaurant includes house and cottage, on 5.25 acres, with a private oasis along 1,000 ft. of bold Reems Creek waterway. Property is ocated in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1914
Living Area
10,000 sq ft
Zoning
EMP
Days on Market
198
MLS® Listing#
4302920
Property Features
Appliances
Cooling
Heating
Basement
Parking
Patio
Lot Features
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Assessed Value
$521,800
Parcel Number
9742-13-7098
Directions
26 North from Asheville to exit 21 New Stock Road rt off exit ;left on Asheville HEWY 25 to rt on ReemsmCreek Road to subject property on right behind convenience store approx 1.2 mile off S. Main Street
Affordability Calculator
$800,000
Estimated monthly payment
$21,290/mo
Principal $3,200,000 · Est. interest $4,464,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Weaverville, NC
- $592,857
- Median Listing Price
- 73
- Median Days on Market
- 2,194
- Median Sq Ft
- $285
- Median Price / Sq Ft
- 143
- Active Listings
- This home’s price is 575% above the area median.
- Its price per sq ft is 40% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Weaverville, NC.
Location
Points of Interest in Weaverville, NC
Showing the Weaverville area map.
Nearby Schools
Weaverville Elementary School
Elementary · 0.4 mi away
Weaverville Primary School
Elementary · 0.7 mi away
North Buncombe Middle School
Secondary · 2.2 mi away
North Asheville Christian School
Secondary · 2.7 mi away
North Windy Ridge
Secondary · 3.0 mi away
Blue Ridge Montessori School
Elementary · 3.4 mi away
North Asheville Preschool
School · 3.6 mi away
Asheville Catholic School
Elementary · 3.7 mi away
Woodfin Elementary School
Elementary · 3.8 mi away
North Buncombe High School
Secondary · 3.8 mi away
Ira B Jones Elementary School
Elementary · 3.8 mi away
North Buncombe Elementary
Elementary · 4.3 mi away
Hanger Hall School
Secondary · 4.8 mi away
Claxton Elementary School
Elementary · 5.3 mi away
Asheville Montessori School
Elementary · 5.3 mi away
Joe P. Eblen Intermediate School
Secondary · 5.5 mi away
Mount Carmel Baptist Church
School · 5.6 mi away
Buncombe County Schools
School · 5.6 mi away
West Buncombe Elementary School
Elementary · 5.7 mi away
Erwin High School
Secondary · 5.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 143 Reems Creek Road, Weaverville, NC | $2,995,000 | — | — | — |
| 57 Union Chapel Road, Weaverville, NC | $2,999,000 | 6 | 7 | 5,805 |
| 112 Hamburg Mountain Road, Weaverville, NC | $3,450,000 | 4 | 5 | 5,110 |
| 44 Azura Gdns None, Weaverville, NC | $3,495,000 | 2 | 3 | 3,413 |
| 44 Azura Gdns None, Weaverville, NC | $3,495,000 | — | 3 | — |
| 83 + 99999 Cozy Mountain Lane, Weaverville, NC | $3,790,000 | 4 | 4 | 4,963 |
Moving Cost Estimate
EXIT Agents in Weaverville
Listing Courtesy: Estate Realty - mgbryant33@gmail.com
Last Updated: 2025-09-15
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