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Executive Summary

A rare opportunity to own one of Black Mountain’s most beloved local institutions! Known throughout the Swannanoa Valley as "The Blue Cone," this iconic ice cream destination has been serving generations of families since 1977 and has become a cherished part of the community's history and culture. Situated on approximately 0.41 acres in the heart of Black Mountain, this highly visible location enjoys exceptional exposure and a steady stream of loyal customers and visitors alike. For decades, The Blue Cone has been more than just an ice cream shop—it has been a gathering place where memories are made, traditions are continued, and summer evenings are celebrated. Its recognizable blue cone and long-standing reputation have made it a local landmark and destination for residents and tourists from across Western North Carolina. Positioned in one of the area's most desirable locations, this property offers the chance to continue a thriving seasonal business, expand operations, or build upon an established brand with nearly five decades of goodwill. Opportunities to acquire a business with this level of community recognition and history are exceptionally rare. Become the next steward of a Black Mountain tradition and carry forward a legacy that has been serving smiles for generations.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
803 SF
Building Class
C
Year Built
1976
Price
$1,250,000
Price Per SF
$1,556.66
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.41 AC
Zoning
C-2
Parking
18 Spaces (22.42 Spaces per 1,000 SF Leased)
Frontage
85’ on State St

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Dairy King
  • Agriculture, Forestry, Fishing and Hunting
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Dairy King Agriculture, Forestry, Fishing and Hunting - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

First Bank NC
First Citizens Bank
Starbucks
Ingles
Fifth Third Bank

Property Taxes

Property Taxes

Parcel Number
0619-25-1072-00000
Land Assessment
$178,600
Improvements Assessment
$99,800
Total Assessment
$278,400
  • Listing ID: 40836366

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 405 W State St, Black Mountain, NC 28711

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