bridlepathavl.com The Bridle Path Inn at 30 Lookout Road is one of the most defensible and irreplaceable hospitality investment positions in Western North Carolina — and one of the rarest income- producing assets available anywhere in Asheville today. LEGALLY PROTECTED OPERATING RIGHTS Since 2018, Asheville has prohibited new whole-unit short-term rentals in all non-resort zones. The Bridle Path Inn operates under a city-confirmed legal nonconforming use that predates this prohibition and transfers to a new owner upon sale — verified in writing by Asheville Development Services. No new buyer can establish this operating right anywhere in the city at any price. THE NUMBERS - Asking Price: $1,850,000 - 2026 Gross Revenue (locked & contracted): $137,400+ - Upper STR unit alone: $99,000+ already booked for 2026 - Peak gross revenue: $141,082 (2024) - Annual operating expenses: ~$27,500 (excl. debt service) - NOI: ~$92,500–$110,000 (conservative baseline) - Stabilized cap rate: 5.0%–5.9% - Full STR conversion cap rate: 7.8%–11.1% - GRM: ~13.5x THE PROPERTY - 4 fully renovated independent units - Every unit has a full kitchen - All LTR units on 90-day termination leases — full STR conversion possible within one quarter of closing - Among Asheville's first designated Bed & Breakfasts — established brand, loyal guest base, strong Airbnb ranking - Only property in neighborhood with city-confirmed nonconforming use for hospitality operations BUYER STRATEGY OPTIONS 1. Current Mixed Model — $137,400+ gross, proven today 2. All Units STR — $180K–$240K+ gross, legally protected 3. Full Luxury B&B — $150K–$200K+, weddings/retreats/events 4. Owner-Operator — live in renovated lower unit, earn $100K+ from remaining three units 5. Corporate Group Rental — $175K–$225K+, whole-property buyouts, film, executive offsites 6. Individual Unit STR Portfolio — 4 independent STRs under one legally protected address OFFERING This property is offered exclusively off-market to qualified investors. It will not be listed on the MLS. Full investment memorandum, verified booking records, lease agreements, and financial documentation available upon request. More information: bridlepathavl.com