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.