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North Lodge on Oakland


Asheville, NC  
 

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Built in 1904, the Lodge on Oakland is a beautiful restored, top-rated Inn located in a quite residential neighborhood, surrounded by mature trees and lush gardens. The Inn offers six beautifully designed guest rooms, spanning three floors, all with en-suite baths and modern amenities. Guest enter the historic lobby, with original fireplace and hardwood floors, from the covered portico. The formal dining option, and enclosed porch with stone walls, provide relaxing moments for the guests. Just beyond the dining room is a uniquely, large farm kitchen with a center island, eating area, all updated appliances and half bath.

A bonus feature is the main floor owners's retreat with 2 bedroom, 2 baths, large office space with built-ins, a sitting area, and walk-in closet. A private gated entry allows access to the owners quarters from the 2 car garage. From an investment perspective, the Inn is a highly profitable turn-key business, which can be run as a couple, or with an assistant innkeeper while the other partner works an outside job. A three year occupancy rate of over 75% and gross revenue over $317,000.

From an investment perspective, the inn is a highly profitable turn-key business, which can be run as a couple, or with an assistant while the other partner works an outside job. With a three year occupancy rate over 75% and gross revenue over $317,000, the Inn operates with a profit margin of 50%. The cap rate of 11% is attractive for a year-round Bed and Breakfast business in Asheville. Since Asheville is not issuing any new B & B licenses in the area, the North Lodge is a wonderful opportunity to own a successful Inn in one of the top travel destinations in the U.S. Features: * Rated #1 Asheville on Booking.com three years in a row with 9.7 rating * Completely updated (electrical, plumbing) * Building is 7,177 sq. ft. with a walk out basement, tons of built in sporage * lot 0.77 acres; 9 off street parking space, 2 car garage * New Appliances, new hot water heater * Central heat and air on each floor and in owner's quarters * Highly ranked on all booking sites, excellent health department rating * Turn-key business with all equipment and furnishings included * A 2,000 gallon cistern and sprinkler system for front yard only



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