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$589,000
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Property Description
Versatile Commercial Property with Income Potential - Being Sold As-Is Endless possibilities await with this spacious and adaptable commercial property offering tons of storage and a flexible layout ideal for a wide range of business uses. Previously operated as both a restaurant and a real estate office, the building is well suited for medical or professional offices, hair salon, massage or wellness studio, retail space, paint-your-own pottery, daycare, laundry service, gift shop, rental investment, and more. The two-level retail building features 5+ private offices, a conference room, two half baths, two large storage closets, and inviting covered decking-perfect for client meetings, employee breaks, or creative use of outdoor space. Adding exceptional value, the rear apartment provides built-in income or on-site living with two bedrooms, one full bath, a full eat-in kitchen, living room, and private separation from the commercial space. Conveniently located just 1.7 miles from the beach at Lake Lure and 2.1 miles from Ingles Grocery Store, this property offers strong visibility and accessibility while remaining close to local amenities. Large, versatile, and full of potential-come take a look and imagine the possibilities!
Full Property Details
Full Property Details for 1840 Memorial Hwy
General
- Price: $589,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4344053
- Updated: 2/6/2026
- Added to Site: 14 day(s) ago
Interior
- Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Washer/Dryer
- Flooring: Carpet, Vinyl
Parking
- Parking Features: Driveway, Parking Lot
Location
- County: Rutherford
- Driving Directions: Directions: From the beach at Lake Lure, travel East on HWY 64/74 Alternate toward Rutherfordton. Go 1.7 miles, and the property is on your left just after Fisher Court.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Electric, Heat Pump
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Site Built
- Exterior Const.: Vinyl, Other - See Remarks
- Basement: Yes
- Basement Desc.: Daylight, Exterior Entry, Finished, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
- Roof: Composition
- Minimum Avail: 3,000 Sq. Ft.
- Year Built: 1950
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Cleared, Corner Lot, Paved, Sloped, Wooded
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Building, Fixtures, Land
- Property ID: 1645032
- Lot Number: 2086/3412
Listed by Coldwell Banker Advantage
Get Pre-Approved Today
Schools
Schools serving 1840 Memorial Hwy
School District:Rutherford County Schools
| Name | Grades | Distance |
|---|---|---|
Pinnacle Elementary School 1204 Painters Gap Road, Rutherfordton, NC 28139 | PK-5 | 11.4 mi |
R-S Middle School 607 Westbrook Drive, Rutherfordton, NC 28139 | 6-8 | 13.5 mi |
R-S Central High School 641 U.S. 221, Rutherfordton, NC 28139 | 9-12 | 13.6 mi |
Rutherford Early College High School 286 I C C Loop Road, Spindale, NC 28160 | 9-12 | 17.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1840 Memorial Hwy
Date
Details
Price
Change
Source
2/06/2026
Listed
$589,000
51.41%
MLS
11/08/2024
Sold
$389,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1840 Memorial Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,085
88%
$374,900
86%
2023
$1,645
-3%
$201,800
—
2021
$1,703
—
$201,800
34%
2022
$1,703
—
$150,300
—
2021
$1,703
18%
$150,300
—
2019
$1,438
37%
$150,300
39%
2018
$1,048
10%
$108,400
—
2017
$957
—
$108,400
—
2016
$957
—
$108,400
—
2015
$957
—
$108,400
—
2014
$957
—
$108,400
—
2013
$957
—
$108,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1840 Memorial Hwy
1840 Memorial Highway, Lake Lure, NC 28746 (MLS# 4344053) is a Commercial property. 1840 Memorial Highway is currently listed for $589,000 and was received on February 06, 2026. Want to learn more about 1840 Memorial Highway? Do you have questions about finding other Commercial real estate for sale in Lake Lure? You can browse all Lake Lure real estate or contact a Coldwell Banker agent to request more information.

