Asheville Area Luxury Inn
Offered for sale at $1,300,000
Note change in offering!
The inn alone is offered at $1,300,000. The owner’s residence and adjacent lot are $300,000 (could be purchased with a residential loan). If a buyer does not wish to buy the house, the owners would be willing to rent it, possibly with an option to buy, to the purchaser of the inn.
The 7 guest room inn is comprised of three buildings and three parcels of land. The primary parcel of 1.03 acre has the main inn with six guest rooms and a detached carriage house with one guest room. The second parcel of 0.32 acre has the owners’ residence. The third 0.23 acre parcel, adjacent to the residence, is vacant and provides a side yard for the home.
The large common room where guests enter the inn has soaring ceilings, an inviting fireplace, lots of windows with mountain views, and several seating areas, including dining. There is a bar area with coffee and tea, snacks, and informational materials. The remainder of the first floor has a smaller dining room, kitchen, and 2 guest suites. There are four guest rooms on the second floor. The lower level has some exercise equipment as well as game areas and a bar. There are ample porches for guest relaxation.
The grounds are attractively landscaped, and guests can enjoy a spacious lower terrace with fire pit area and magnificent mountain views enjoyable most of the year.
The owner’s residence is one of the biggest pluses for this luxury Asheville area inn for sale. The four-bedroom, two bath home on an adjacent lot is just steps from the inn but private. There is a full kitchen, dining room and living room, all complemented by an attached garage.
The business at the inn is very strong, boasting an average occupancy of 60% with net operating margins around 50%, which is very solid. Guests can walk or take a very short drive to downtown where there are shops and restaurants.
- 7 Guest Rooms
- 7 Guest Room Baths
- Has Owner's Quarters
- Lot is 1.58 Acres
- Photo Gallery
- Offered for sale at $1,300,000
- Occupancy Rate: 60%