This Hotel & Motel Property is Off-Market.

Town Square
Asheville, NC 28801 ·

26 Rooms · Hotel & Motel For Sale

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The Historic Nu Wray Inn

Price N/A Property Sub-type Full Service
No. Rooms 26 Property Use Type Investment
Building Size 16,000 SF Commission Split 5%
Property Type Hotel & Motel Tenancy Single
Listing ID: 17638681 Date Created: 04/28/2012 Last Updated: 08/21/2014

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

Research

Town Square, Asheville, NC 28801 (Buncombe County)

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