Town Square, Asheville, NC, 28801 - Available for Sale

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The Historic Nu Wray Inn

Town Square, Asheville, NC 28801

$849,000

26 Rooms | Hotel & Motel

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One of a kind Colonial-Style Home built in 1833

Hotel / Motel For Sale

Price:
$849,000
No. Rooms:
26
Building Size:
16,000 SF
Price/Room:
$32,653.85
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Commission Split:
5%
Tenancy:
Single
Listing ID
17638681
Last Updated
9 days ago

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Description

Priced $251K below $1,100,000 Appraisal. Seller will carry short-term financing with 40% down.

Crown jewel of Main Street in the heart of Blueridge Mountain's tourist zone, located about 30-minutes from Asheville, NC. Perfect for owner-user / repositioning expert with tons of potential for happening brew/pub, restaurant/bar, boutique hotel, cooking-school, local food-scene, bakery, prime retail uses, general store, outfitter, weddings/group retreats or really cool personal residence, the sky's the limit! Ideal for a knowledgeable Restaurant Group or chef(s) due to outstanding local organic food sources avail.

Amazing historic property currently being operated as a group rental facility. The Nu Wray was established in 1833' and has provided Southern hospitality in its comfortable rooms for generations of travelers, including; Mark Twain, Thomas Wolfe, Elvis Presley and Christopher Reeves.

The market is wide open for a major restaurant destination in the Western NC with easy access to Asheville, Boone clientele. Plenty of upside, excellent back decks and gardens for outdoor seating, entertainment. Close to famous Mt. Mitchell, enjoy nearby fishing, hiking

One of a kind location on the Town Square in Burnsville, NC within walking distance to restaurants, shops and activities. First part of major 4-lane highway ($100+ million dollar) has just been completed.

Note: Interior Funishings and antiques are not included in listed sales price

Map of Asheville, NC, 28801 - exact location not found

Research for Town Square, Asheville, NC 28801 (Buncombe County)

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More from:

The Historic Nu Wray Inn
  • Hotel & Motel
  • $849,000
  • 26 Rooms
  • 16,000 SF