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Property Description
717 Bat Cave Road | Old Fort, North Carolina Mixed-Use Development & Investment Opportunity 717 Bat Cave Road presents a rare investment and development opportunity in the rapidly growing community of Old Fort. Encompassing approximately 14 acres, this strategically positioned property offers a compelling blend of immediate income potential and long-term development upside. The front portion of the property along Bat Cave Road features level topography-ideal for commercial development-with exceptional visibility near Interstate 40. The site benefits from strong traffic exposure and proximity to established national retailers including Taco Bell, McDonald's, and Dollar General, as well as fuel stations and other service-oriented businesses. Its location near the I-40 interchange positions the property for high-visibility retail, hospitality, or service commercial uses. The rear acreage offers scenic mountain views and excellent potential for residential development. Three existing homes on the property are currently leased, providing immediate rental income. These structures may be maintained as income-producing assets, repositioned, or incorporated into a broader development plan. Old Fort is experiencing meaningful growth and revitalization driven by: Increased tourism and outdoor recreation activity along the Catawba River and Pisgah National Forest Expansion of mountain biking and trail systems attracting regional and national visitors Downtown revitalization initiatives and infrastructure improvements Continued residential migration to Western North Carolina Strategic access to I-40, providing connectivity between Asheville, Marion, and the greater Western NC region With expanding commercial activity, residential demand, and tourism-driven economic growth, Old Fort is emerging as a prime location for forward-thinking investors and developers. Investment Highlights ±14 acres with mixed-use potential Level commercial frontage along Bat Cave Road Interstate 40 visibility and access Adjacent to national retailers Existing rental income from three homes Residential development opportunity on rear acreage Located in a high-growth Western North Carolina corridor Whether positioned as a long-term hold, a phased mixed-use project, or a fully integrated commercial and residential development, 717 Bat Cave Road offers flexibility, scale, and location-key ingredients for a successful investment in one of Western North Carolina's most promising growth markets.
Full Property Details
Full Property Details for 717 Bat Cave Rd
General
- Price: $1,200,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4356122
- Updated: 3/27/2026
- Added to Site: 5 day(s) ago
Location
- County: McDowell
- Driving Directions: Located directly off I-40 on Exit 73 in Old Fort, NC.
Structural Information
- Construction: Site Built
- Minimum Avail: 1 Sq. Ft.
- Year Built: 1948
Lot Features
- Street/Road Desc.: Paved
Disclosures and Reports
- Inclusions: Building, Land
- Property ID: 0659-11-55-8752
- Lot Number: 1444-550
Listed by GreyBeard Realty
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Schools
Schools serving 717 Bat Cave Rd
School District:McDowell County Schools
| Name | Grades | Distance |
|---|---|---|
Old Fort Elementary School 128 South Mauney Avenue, Old Fort, NC 28762 | PK-6 | 0.4 mi |
West Mcdowell Junior High School 346 West Mc Dowell Junior High School Road, Marion, NC 28752 | 7-9 | 9.5 mi |
Mcdowell High School 600 McDowell High School Road, Marion, NC 28752 | 9-12 | 9.6 mi |
Mcdowell Early Colle 54 College Drive, Marion, NC 28752 | 9-12 | 12.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 717 Bat Cave Rd
Date
Details
Price
Change
Source
3/27/2026
Listed
$1,200,000
3967.8%
MLS
8/17/2023
Sold
$29,500
—
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 717 Bat Cave Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$272
—
$40,110
—
2024
$272
-44%
$40,110
-46%
2023
$489
211%
$74,320
230%
2022
$157
—
$22,500
—
2021
$157
-1%
$22,500
—
2019
$159
2550%
$22,500
2608%
2018
$6
20%
$831
—
2017
$5
-98%
$831
-98%
2016
$307
2%
$47,980
—
2015
$302
—
$47,980
—
2014
$302
-64%
$47,980
-47%
2013
$841
—
$91,250
—
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 717 Bat Cave Rd
717 Bat Cave Road, Old Fort, NC 28762 (MLS# 4356122) is a Commercial property. 717 Bat Cave Road is currently listed for $1,200,000 and was received on March 27, 2026. Want to learn more about 717 Bat Cave Road? Do you have questions about finding other Commercial real estate for sale in Old Fort? You can browse all Old Fort real estate or contact a Coldwell Banker agent to request more information.

