2 E Market St 15,063 SF 100% Leased Retail Building Black Mountain, NC 28711 $2,990,000 ($198.50/SF) 4.96% Cap Rate

The Village of Cheshire is a celebrated Traditional Neighborhood Development (TND) master-planned by internationally recognized urban planning firm Duany Plater-Zyberk & Company. Designed to create a vibrant environment where residents can live, work, and play, the community features a walkable layout, diverse housing styles, scenic green spaces, and pedestrian-friendly streets that foster an active village atmosphere.
The commercial component of the Village Center serves as the social and retail hub of the neighborhood and is currently 100% leased to nine tenants. The center features a strong mix of four popular food and beverage concepts complemented by wellness and lifestyle-oriented businesses including a salon, chiropractor, yoga studio, and massage therapy practice, creating consistent daily traffic and strong community engagement.
Surrounded by a unique blend of Craftsman and English Tudor-style homes, cottages, townhomes, and apartments, the Village of Cheshire provides a built-in customer base while also benefiting from the tourism and lifestyle appeal of nearby Black Mountain—often called “the Little Town that Rocks.”
With its walkable village setting, diverse tenant mix, and stable occupancy, this property represents a rare chance to own a core neighborhood retail asset in one of the most desirable mountain communities in Western North Carolina.
Located in the charming tourist town and bedroom community of Asheville, Black Mountain, NC. Black Mountain has thriving tourist scene partially based on conferences centers and large camps that bring thousands of campers and visitors per week to Black Mountain. Black Mountain has an outdoor scene second none with hundreds of miles of trails. Home to Montreat College and Conference center, as well as the headquarters of Ingles Grocery-one of the nation largest, Black Mountain benefits from consistent economic activity and growth. The Sourwood Festival, one of the oldest and most popular in NC, occurs every August.
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