Mill Spring Agricultural Center 156 School Rd

Mill Spring Ag Center – Prime Commercial Opportunity with Versatile Infrastructure
Unlock the potential of the Mill Spring Ag Center, a unique, unzoned commercial property in the heart of Polk County, NC. Positioned with panoramic mountain views, this property offers the ideal canvas for a premium redevelopment opportunity, with strong infrastructure ready to support high-end loft apartments, luxury office spaces, or a mixed-use complex that serves the vibrant local arts, tech, and agribusiness community.
Property Highlights:
Unzoned Flexibility: Open zoning allows for diverse development options, including residential, retail, and office space.
Strategic Infrastructure: Spectrum Fiber scheduled for Q1 2025, Enbridge natural gas access within 100 feet, and ample electric and plumbing updates ready to support any redevelopment. Pangaea and Windstream providing internet access. Cameras and WiFi throughout building and property.
Tenant-Ready with Steady Income: Current month-to-month leases provide reliable interim income, featuring tenants such as the Agricultural Economic Development of Polk County and art studios, with a rent roll approximately $5,000/month and opportunity to above $20,000/month at full occupancy in current state.
Property Features:
Expansive Layout: 14-foot ceilings, a 2,000+ sq. ft. poured concrete fallout shelter, and multiple well-appointed spaces across the property, 75% of which have been recently renovated. Electric and plumbing was updated in 2012 by the county bringing in Pex and updating wiring and panels.
On the Arts and Heritage Trails: The building houses a mural by Asheville artist Ishmael Lords, marking it as a community landmark on both the Blue Ridge Heritage Trail and Polk County Arts Council Trail.
Utilities and Water Capacity: City water access, two wells on-site, and an additional septic capacity of 3,500 gallons/day, making it well-suited for high-density residential or commercial use. Two 6,000 gallon septic tanks in use with access to sewer across Hwy 9.
DIY Phase 1's started with no major concerns by going through SEEML Labs.
Financials and Operating Costs:
Operating Expenses: Low Operating expenses included 1MW at 4.5 cents per KwH
Revenue Potential: With a current, cash flow positive rent roll at 30% occupancy, the property holds significant potential for revenue growth with much more upside as a strategic redevelopment plan.
The Mill Spring Ag Center combines unparalleled infrastructure, breathtaking views, and prime flexibility, offering developers an exceptional opportunity to create a high-end residential or mixed-use property in a growing market. Contact us today to discuss how this property can align with your vision for a profitable and impactful investment.
Additional Upside Potential: Residential conversion, build out homes on property, Industrial lot rental