173 E Chestnut St - Hospitality FOR SALE


Asheville, NC 28801- North Downtown
$4,500,000 USD
828-216-8462
173 E Chestnut St, Asheville, NC for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

173 E Chestnut St
Asheville, NC 28801
North Downtown


HIGHLIGHTS

  • Close proximity to Downtown Asheville

OVERVIEW

Exceptional opportunity just a few blocks outside of the heart of downtown Asheville on highly sought-after East Chestnut Street. This 4,500± square foot property, originally built in 1889, is currently operating as a bed and breakfast and offers both immediate income potential and outstanding long-term versatility. Zoned Office (B&B use is grandfathered), the building provides flexible interior space ideal for continued hospitality use, boutique inn, professional office conversion, gallery, or creative workspace. In close proximity to top-tier restaurants, retail, hotels, and entertainment venues, this prime location delivers exceptional walkability, visibility, and year-round demand. Perfect for an owner-operator, investor, or future repositioning, this rare downtown asset combines historic character with modern income potential. Easy access to parking, public transit, and major thoroughfares further enhances value. A truly unique opportunity to own a revenue-generating property in one of Asheville’s most desirable downtown corridors.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$465 USD /SF

# OF ROOMS

14

PRICE/ROOM

$321,429 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blind Tiger Asheville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1889

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

OFFICE

APN/PARCEL ID

9649-43-9135-00000

ASK ABOUT THIS PROPERTY

Jay LurieThe Real Estate CenterMore Info
828-216-8462

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Jay LurieThe Real Estate CenterMore Info
828-216-8462

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