1186 Old Us Hwy 70 W - Hospitality FOR SALE


Black Mountain, NC 28711
$1,500,000 USD
828-450-2826
1186 Old Us Hwy 70 W, Black Mountain, NC for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

1186 Old Us Hwy 70 W
Black Mountain, NC 28711


HIGHLIGHTS

  • Historic Charm
  • Spacious Layout
  • Versatile Use
  • Prime Location

OVERVIEW

Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the "Front Porch of Western North Carolina," this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain—known for its artisanal shops and craft breweries—and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region’s most desirable locations.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$311 USD /SF

# OF ROOMS

5

PRICE/ROOM

$300,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Mountain Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1830

PARKING SPACES

4

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,488 SF

ZONING

OI-6

APN/PARCEL ID

0609-84-3276-00000,0609-84-4034-00000

ASK ABOUT THIS PROPERTY

Chris SmithCENTURY 21 ConnectedMore Info
828-450-2826

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Chris SmithCENTURY 21 ConnectedMore Info
828-450-2826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.