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Weaverville · Weaverville, NC

1 Old Mill Lane

Weaverville, NC · 9,675 sqft

$3,750,000

Reduced from $4,000,000

  • 5Beds
  • 5Baths
  • 9,675SqFt
  • 1914Year
  • 28Days on market

About this home

Historic Weaverville Milling Company. Circa 1914 Listing presented as possible Mill conversion to a residence as well as commercial use.... 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. Any photos enhanced with AI are labeled individually including staging for residential conversion of Mill space.

Property details

Beds
5
Baths
5
SqFt
9,675
Lot
Year built
1914
Type
Single Family
Days on market
28
Heating
Forced Air, Natural Gas
Cooling
None
Foundation
Basement

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$27,131/ month

Principal & interest
$23,224
Property tax (~0.90%)
$2,812
Homeowners insurance
$1,093
HOA dues

Down payment

$187,500 down · $3,562,500 financed

Income to qualify (28% rule)

~$1,162,760 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

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