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Property Overview

Price/Rent PSF $ 845,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 4,075
Date Available 06/11/2020
Additional URL Link
Parking 16
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Description

Location
Located just a short walk east of Chimney Rock Village. US Highway 64/74A. From Asheville take US 74 over the mountain to Chimney Rock Village. Go through the village and the motel is located on your right at 289 Main Street. From Hendersonville, NC simply take US 64 and turn right on US 74, thru Chimney Rock Village to the motel on your right.

Sale
Unique investment opportunity to own this long established and turn-key lodge located in Chimney Rock Village.The Riverside Lodge at Chimney Rock is a 13-room motel with an office/lobby overlooking the Rocky Broad River and Chimney Rock State Park. Recently renovated in 2016, the lodge sports renovated bathrooms with river-rock shower floors, restored knotty pine walls and ceiling, updated lobby with seating area and deck, and each room has a balcony or porch overlooking the river. Potential upside with active/on-site management staff or owner occupant. The property fronts well traveled US Hwy 64/74 with easy access to Asheville and Hendersonville. Chimney Rock Village is a popular tourist destination with a rich history offering an eclectic array of shops, restaurants, and outdoor activities including fishing and hiking. Less than 1 mile away, Lake Lure is a 1,500 acre lake with 27 miles of shoreline.

Location

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