InnShopper > Inns for Sale > North Carolina > Pineola > Pineola Inn

Pineola Inn


Pineola, NC   Offered for sale at $2,700,000
 

All rooms recently remodeled with new furniture, flat screens, carpet, beds and fixtures. 20,702 total square feet includes separate cabins and three motel buildings. Also includes a 6800 square foot museum, gift shop, ski shop and merchandise shop. Beer Cave. All ABC permits available. Separate large meeting room for guests with fireplace. Tennis courts, additional acreage with fourteen camper hook-ups, four cabins (two are duplexes making for six additional rooms). 3,200 square foot storage bldg. with separate bathrooms for new tent camping area. VERY PROFITABLE (THOUGH ROOM RATES ARE APPROXIMATELY HALF OF AREA HOTEL RATES). OWNERS (HUSBAND AND WIFE) ARE RETIRING. Includes approximately $100,000 plus of store inventory - skis, shoes, beer, wine ...., all furnishings and equipment, washer/dryers, yard maintenance and other equipment. Some possible owner financing. Rare opportunity!

Pineola is an unincorporated community in Avery County, North Carolina. Its boundaries, in general, span a three-mile radius from the intersection of U.S. Route 221 and NC 181.[2] The area was known as "Saginaw" until the early 20th century. In 1814 Pineola is listed as a county in North Carolina.[citation needed]

Pineola is the site of several businesses, including an asphalt plant, a concrete plant, a general store, a sawmill and a small hotel. The Linville River flows through the area, and is impounded by a dam into a small lake for a resort community. The Blue Ridge Parkway passes through the southeast portion of the area.

During the early 1900s, it was the site of a large logging operation and sawmill, owned by the W.M. Ritter Company. The East Tennessee and Western North Carolina Railroad ("Tweetsie") operated in the community until 1939. Pineola is near three major NC ski resorts, Grandfather Mountain (North Carolina's # 1 tourist attraction, Linville Falls and Linville Gorge, the Blue Ridge Parkway (1 mile), and numerous other attractions.



Property Details
  • 45 Guest Rooms
  • 45 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1900
  • Last Renovated in 2016
  • Opened in 1900
  • Building is 20,702 SQFT
  • Lot is 12 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $2,700,000
  • Occupancy Rate: 46-66
  • Average Daily Rate: 62
  • Annual revenue is $580,467
  • Prequalify for Inn Financing on this property
Contact Information