This Hotel & Motel Property is For Sale.

3085 Linville Falls Hwy
Newland, NC 28657 ·

45 Rooms · Hotel & Motel For Sale

$2,700,000

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Pineola Inn

Price $2,700,000 Property Sub-type Full Service
No. Rooms 45 Property Use Type Business For Sale
Building Size 20,702 SF Commission Split 2.5%
Price/Room $60,000 Lot Size 12 AC
Property Type Hotel & Motel
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Listing ID: 20419780 Date Created: 07/17/2017 Last Updated: 08/02/2017

Description

Long-running institution now available. Pineola Inn. The original inn was built in 1900 and catered to passengers from the Tweetsie Railroad and those on horseback. Includes eight buildings on over 12 gorgeous, flat acres. Huge highway frontage on NC Highway 221. Forty five total rooms. All rooms recently remodeled with new furniture, flat screens, carpet, beds and fixtures. 20,702 total square feet includes separate cabins and three motel buildings. Also includes a 6800 square foot museum, gift shop, ski shop and merchandise shop. Beer Cave. All ABC permits available. Separate large meeting room for guests with fireplace. Tennis courts, additional acreage with fourteen camper hook-ups, four cabins (two are duplexes making for six additional rooms). 3,200 square foot storage bldg. with separate bathrooms for new tent camping area. VERY PROFITABLE (THOUGH ROOM RATES ARE APPROXIMATELY HALF OF AREA HOTEL RATES). OWNERS (HUSBAND AND WIFE) ARE RETIRING. Includes approximately $100,000 plus of store inventory - skis, shoes, beer, wine ...., all furnishings and equipment, washer/dryers, yard maintenance and other equipment. Some possible owner financing. Rare opportunity!

Pineola is an unincorporated community in Avery County, North Carolina. Its boundaries, in general, span a three-mile radius from the intersection of U.S. Route 221 and NC 181.[2] The area was known as "Saginaw" until the early 20th century. In 1814 Pineola is listed as a county in North Carolina.[citation needed]

Pineola is the site of several businesses, including an asphalt plant, a concrete plant, a general store, a sawmill and a small hotel. The Linville River flows through the area, and is impounded by a dam into a small lake for a resort community. The Blue Ridge Parkway passes through the southeast portion of the area.

During the early 1900s, it was the site of a large logging operation and sawmill, owned by the W.M. Ritter Company. The East Tennessee and Western North Carolina Railroad ("Tweetsie") operated in the community until 1939. Pineola is near three major NC ski resorts, Grandfather Mountain (North Carolina's # 1 tourist attraction, Linville Falls and Linville Gorge, the Blue Ridge Parkway (1 mile), and numerous other attractions.

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3085 Linville Falls Hwy, Newland, NC 28657 (Avery County)

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