0 Beds
17 Baths
n/a SqFt
Active
Welcome to the Iron Horse! This historic staple located in Hot Springs offers the opportunity for a turn key business with multiple revenue streams. The building has been carefully updated inside and out. New windows, HVAC, roof, kitchen equipment, and so much more. The restaurant serves up the best food in the area! The hotel offers 15 spacious rooms with en suite bathrooms, fully furnished, with careful thought to the mountain feel it resides in. The two separate rental spaces are fully leased with loyal local businesses. This property is a revenue generator allowing for quick turnkey returns on your investment. An offer memorandum is available upon request. Previous contract fell apart due to the buyer asking for a large credit day before the end of the inspection period. Property appraised. All necessary repairs discovered in inspection have been fixed. Owner financing is possible.
Property Details | ||
---|---|---|
Price | $2,950,000 | |
Total Baths | 17 | |
Lot Size Area | 0.21 | |
Lot Size Area Units | Acres | |
Property Type | Commercial | |
Sub type | HotelMotel | |
MLS Sub type | Hotel/Motel | |
Stories | 2 | |
Year Built | 1933 | |
Roof | Built-Up, Flat, Wood | |
Heating | Central, Forced Air, Heat Pump, Total Area | |
Foundation | Slab | |
Accessibility | Two or More Access Exits | |
Lot Description | Corner Lot, Level | |
Parking Description | On Street | |
Geographic Data | ||
Directions | GPS is Accurate | |
County | Madison | |
Latitude | 35.89305299 | |
Longitude | -82.82638458 | |
Address Information | ||
Address | 176 Bridge Street, Hot Springs, NC 28743 | |
Postal Code | 28743 | |
City | Hot Springs | |
State | NC | |
Country | United States | |
Listing Information | ||
Listing Office | Century 21 Connected | |
Listing Office Phone | 828-348-0222 | |
Listing Agent | Chris Smith | |
Listing Agent Phone | 828-450-2826 | |
Sub Agency Compensation Type | % | |
Buyer Agency Compensation | 2.5 | |
Attribution Contact | brokerchrissmith@gmail.com | |
Sub Agency Compensation | 0 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | None | |
Terms | Cash, Conventional, Owner Financing | |
MLS Information | ||
Days on market | 260 | |
MLS Status | Active | |
Listing Date | May 8, 2023 | |
Listing Last Modified | May 2, 2024 | |
Tax ID | 8860-61-9735 | |
MLS # | CAR4027032 |
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This information is believed to be accurate, but without any warranty.