The Lion and the Rose $1,450,000

Located on Montford Avenue in the heart of the Historic district close to downtown Asheville this premiere Inn is in a prime location. Opened in 1986, this B&B (ranked 5th out of 41 B&B’s on Tripadvisor) has one of the highest occupancy rates in the entire area. A Georgian-Queen Anne-style jewel built in 1898 has 5 traditionally styled rooms all with full baths, four working gas fireplaces, in-room air conditioning and a separate 800 sq. ft. owners’ quarters with 2 baths. The Inn features unparalleled curb appeal outside and a breathtaking interior including high embossed ceilings, original golden oak columned entry and a six foot Palladian stained glass window inside. This AAA three diamond Inn is nestled in a park like setting with beautifully landscaped gardens complete with irrigation system. The house has a porch that spans the width of the house, a second level bay window and a third level balcony. Solid business history with attractive multiples and net operating income make this Inn a must see.

Details

  • Built in 1925
  • Historic Registry
  • 25 years as B&B
  • Last renovation in 2010
  • MLS #525548
  • 5 Guest Rooms
  • 5 Guest Bathrooms
  • 4100 sq ft
  • Lot size: 0.55 acres
  • 5 Parking Spots
  • Has owner's quarters
  • $1,450,000
  • $237,000 gross revenue

Listing Agent

Lyn McFarland, Asheville Bulldog Realty
P.O. 19359
Asheville, NC 28815
Phone: 8287072885
 email: lynmcfarland@gmail.com

Location

276 Monthford Ave Asheville, NC

Photos (click to enlarge)

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