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Property Description
Presenting an exceptional 63-acre commercial development opportunity in the heart of Mills River, North Carolina. One of Western North Carolina's fastest-growing and most strategically positioned commercial and industrial markets. Located at 32 School House Road, this expansive tract offers a unique combination of scale, zoning versatility, access to public utilities, and proximity to major regional transportation assets. Zoned MR-NC (Neighborhood Commercial), the property supports a wide array of commercial, service-oriented, and mixed-use development possibilities, with the potential for rezoning or conditional approvals for larger commercial or industrial concepts. This flexibility makes the site highly attractive for investors, developers, and end-users seeking a significant presence in a market experiencing sustained industrial and commercial demand. A key feature that sets this property apart is the availability of public water and sewer located adjacent to the tract-a rarity in Mills River, where many large parcels lack utility access. The presence of municipal utilities greatly enhances the development potential and substantially reduces upfront infrastructure costs. The land itself is primarily flat and usable, offering broad, functional acreage suitable for commercial campuses, retail and service centers, flex-industrial development, warehousing, light manufacturing, logistics, research facilities, or mixed-use clusters, subject to Town of Mills River requirements and approvals. The site's layout and topography provide numerous options for phased development, subdivision, or a single large-scale commercial project. Mills River has emerged as a powerhouse for industrial and commercial activity due to its central location between Asheville, Hendersonville, and Brevard, as well as its immediate proximity to Interstate 26, U.S. 280, and the Asheville Regional Airport. National and international companies-including Sierra Nevada Brewing, Amazon, FedEx, Pepsi, GF Linamar, and others have invested heavily in this corridor, drawn by excellent transportation access, a stable workforce, logistics advantages, and a pro-business regulatory environment. Industrial and commercial land absorption in Mills River has outpaced supply for years, creating strong long-term value and making large contiguous tracts with utility access increasingly scarce. An old 1850's colonial home remains on the property; however, it is considered to have no contributory value and is not expected to affect redevelopment plans. The highest and best use of the site lies overwhelmingly in its commercial and industrial potential. With its combination of location, visibility, access, utilities, and sheer acreage, this property represents one of the most compelling development opportunities currently available in Western North Carolina. Whether your vision is a corporate campus, industrial park, commercial center, or an investment hold for future appreciation, 32 School House Road delivers the fundamentals that developers and end-users seek-location strength, infrastructure, zoning flexibility, and market momentum. This is a rare chance to control a legacy-sized tract in a thriving commercial hub poised for continued long-term growth.
Full Property Details
Full Property Details for 32 School House Rd
General
- Price: $5,550,160
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4329922
- Updated: 2/4/2026
- Added to Site: 2 day(s) ago
Location
- County: Henderson
- Complex: Perry Farm
Structural Information
- Construction: Site Built
- Basement Desc.: Other
- Year Built: 1850
Lot Features
- Street/Road Desc.: Paved
- Elevation (Approx.): 2000
- Lot Features: Cleared, Creek Front, Crops, Flood Fringe Area, Level, Creek/Stream, Wooded
- Rcmdd Zoning: MR-NC
Disclosures and Reports
- Restrictions: No Representation, Use
- Inclusions: Building, Land
- Property ID: 800443
- Lot Number: 2001E/445
Listed by Keller Williams Mtn Partners, LLC
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Schools
Schools serving 32 School House Rd
School District:Henderson County Schools
| Name | Grades | Distance |
|---|---|---|
Mills River Elementary 94 School House Road, Mills River, NC 28759 | K-5 | 0.7 mi |
Hendersonville Elementary 1039 Randall Circle, Hendersonville, NC 28791 | K-5 | 5.7 mi |
Rugby Middle 3345 Haywood Road, Hendersonville, NC 28791 | 6-8 | 2.5 mi |
West Henderson High 3600 Haywood Road, Hendersonville, NC 28791 | 9-12 | 2.3 mi |
Henderson Co Early College High 300 East Campus Drive, Flat Rock, NC 28731 | 9-12 | 8.9 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 32 School House Rd
Date
Details
Price
Change
Source
2/02/2026
Listed
$5,550,160
—
MLS
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 32 School House Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,113
5%
$828,700
9%
2022
$1,064
—
$763,500
—
2021
$1,064
—
$763,500
—
2020
$1,064
—
$763,500
—
2019
$1,064
22%
$763,500
5%
2018
$875
—
$730,500
—
2016
$875
11%
$730,500
—
2014
$786
—
$730,500
15%
2014
$786
-3%
$633,900
-1%
2013
$811
—
$638,700
—
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 32 School House Rd
32 School House Road, Mills River, NC 28759 (MLS# 4329922) is a Commercial property. 32 School House Road is currently listed for $5,550,160 and was received on February 02, 2026. Want to learn more about 32 School House Road? Do you have questions about finding other Commercial real estate for sale in Mills River? You can browse all Mills River real estate or contact a Coldwell Banker agent to request more information.

