47 Catawba Avenue, Old Fort, NC 28762 | MLS #4310424 | Ivester Jackson Blackstream
 
Listing provided courtesy of Greybeard Realty Old Fort OfficeMLS# 4310424MLS ProviderContact Information: [email protected]
  • 263 days on site
  • 0 views

For Sale – Historic Downtown Old Fort Commercial Property + Additional Lot Don’t miss this rare investment opportunity in the heart of Old Fort, NC! Located at 47 Catawba Avenue, this sale includes not only the historic two-story masonry building, but also a second vacant lot, a refrigerated cargo container and architect-designed renovation plans — giving you multiple options to create something special. Location: Perfectly situated in downtown Old Fort, this end-unit property is surrounded by a growing mix of local businesses, breweries, restaurants, and outdoor attractions/ activities. With quick access to I-40, you’re only minutes from Black Mountain and a short drive to Asheville, making this a prime spot for both locals and visitors. Let it be noted that there are currently NO ZONING in this part of McDowell County. This is located in the city limits of Old Fort. This is a gateway and basecamp area to the National Forest to access many trails. Historic Character! This building is a true piece of Old Fort history with endless potential for restoration, renovation, or adaptive reuse. .20 acres with existing building with additional .171-acre vacant lot (.171 lot surveyed in 2021) Which totals approximately .371 acres The additional lot provides space for parking, outdoor seating, expansion, or future development. Opportunities Whether you’re looking to open a restaurant, retail shop, brewery, gallery, office space, residential apartments or mixed-use project, this property is a blank canvas. With the extra lot and included plans, the possibilities for growth and income generation are tremendous. Latest use is commercial warehouse space. Quality construction meant to last! New roof in 2021 with a 20 year warranty. Replaced dry sprinkler system with wet in 2021. All the plaster walls have been removed. Purchase includes 4 water meters (installed but tap fees will be required for water and sewer). Spectrum internet. Duke Energy is in the process of upgrading electrical to allow additional service meters. No damage from Helene. This property is not located in the flood zone. This property combines history, location, and potential which is a rare find in the growing Old Fort market. Bring your vision and be part of the exciting growth happening in this mountain town!

Source: Canopy MLS, MLS#: 4310424

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    48
  • Population Density
    70
  • College Educated
    27%
  • Estimated Median Income
    $42,648
  • Estimated Total Home Owners
    2,173
  • Estimated Total Renters
    800
  • Owner / Renter Divide
    73% / 27%
  • Estimated Average Household Size
    2
  • Total Population
    7,018
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 47 Catawba Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/2/2026Source: Canopy MLS Price Reduction
$849,000 -5.6%
10/9/2025Source: Canopy MLS Added to Database
October 09, 2025