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Property Description
Possible Seller Financing . Historic Weaverville Milling Company. Circa 1914 ... Rare Opportunity.....150+ year old Grist Mill / former 150 seat Restaurant includes house and cottage, on 5.25 acres, with a private oasis along 1,000 ft. of bold Reems Creek waterway. Property is ocated in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.
Full Property Details
Full Property Details for 1 Old Mill Ln
General
- Price: $4,000,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4410369
- Updated: Today (8/1/2026)
- Added to Site: Today
Interior
- Appliances: Other
Parking
- Parking Features: Parking Lot, Other - See Remarks
Location
- County: Buncombe
- Driving Directions: 26 North from Asheville to exit 21 New Stock Road rt off exit ;left on Asheville HEWY 25 to rt on ReemsmCreek Road to subject property on right behind convenience store approx 1.2 mile off S. Main Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Natural Gas, Phone Connected
Structural Information
- # Buildings: 3
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Basement Shop, Partially Finished, Walk-Out Access, Other
- Roof: Metal
- Square Feet: 9,000
- Minimum Avail: 9,000 Sq. Ft.
- Year Built: 1914
Lot Features
- Street/Road Desc.: Gravel
- Lot Features: Creek Front, Cul-De-Sac
- Rcmdd Zoning: EMP
Financial Considerations
- Terms: Cash, Owner Financing
Disclosures and Reports
- Restrictions: Short Term Rental Allowed, Other - See Remarks
- Inclusions: Building
- Property ID: 9742-13-7098
- Lot Number: 1255 / 338
Listed by Estate Realty
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Schools
Schools serving 1 Old Mill Ln
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
Weaverville Elementary 129 South Main Street, Weaverville, NC 28787 | 2-4 | 0.4 mi |
Weaverville Primary 39 South Main Street, Weaverville, NC 28787 | PK-1 | 0.7 mi |
North Buncombe High 890 Clarks Chapel Road, Weaverville, NC 28787 | 9-12 | 3.8 mi |
North Buncombe Middle 51 North Buncombe School Road, Weaverville, NC 28787 | 7-8 | 2.2 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 1 Old Mill Ln
Date
Details
Price
Change
Source
8/01/2026
Listed
$4,000,000
700%
MLS
2/02/2024
Sold
$500,000
—
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 1 Old Mill Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$377,800
4%
2023
$2,208
2%
$364,500
—
2022
$2,171
—
$364,500
—
2021
$2,171
9%
$364,500
18%
2020
$1,996
—
$307,600
—
2019
$1,996
—
$307,600
—
2018
$1,996
—
$307,600
—
2017
$2,002
14%
$307,600
25%
2015
$1,755
—
$245,100
—
2014
$1,755
—
$245,100
—
2013
$1,755
—
$245,100
—
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 1 Old Mill Ln
1 Old Mill Lane, Weaverville, NC 28787 (MLS# 4410369) is a Commercial property. 1 Old Mill Lane is currently listed for $4,000,000 and was received on August 01, 2026. Want to learn more about 1 Old Mill Lane? Do you have questions about finding other Commercial real estate for sale in Weaverville? You can browse all Weaverville real estate or contact a Coldwell Banker agent to request more information.

