Iron Horse Station $1,895,000

The Iron Horse Station is a meticulously renovated and restored Inn, Restaurant, Tavern and Retail space located on the Appalachian Trail in historic Hot Springs, North Carolina. The properties and businesses are included in the sale. Both the restaurant and inn received Trip Adviser's Award of Excellence!

Nestled in the Great Smokey Mountains along the famous French Broad River, this small town sits directly on the Appalachian Trail attracting thousands of outdoor enthusiasts.

These three adjoining historic buildings were completely renovated in 2005 with a comprehensive attention to detail that can be seen throughout the property, including a new roof, electrical, plumbing, HVAC, and operating systems. The property was again refurbished in 2009 with additional new furniture, fixtures and equipment. About this time the buildings were placed on the National Register of Historic Places!

The sale includes three adjoining buildings with separate entrances totaling over 12,000 sf. The restaurant offers a seating capacity of 128 with two level dining capabilities and a centerpiece hearth. The tavern section serves specialty beers on tap. The restaurant serves lunch and dinner 365 days a year! The Iron Horse Station is one of a handful of establishments in Madison County with a full beer and wine license.The Inn offers 15 bedrooms of varying types, each with private bath.

The retail space is under lease and operates over 40 "small craft" stalls and cafe style services.

The area is renowned for its hot springs as well as incredible Trail hiking, kayaking, rafting, fishing, hunting, and many other exciting outdoor activities. Each spring more than 3,500 "through hikers" stop to rest here after completing the first 262 miles of the trail and before continuing the next 1,799 miles to Maine! The Fall "leaf viewing" and many other festivals in town attract thousands more during the year.

Recently recognized by Trip Advisor with their Award of Excellence, both the Inn and Restaurant are poised to grow profits after three years of steady growth. The occupancy rate of 46% at the Inn allows for immediate income growth with no additional expense and the restaurant profit can double with an aggressive marketing plan. The property lends itself to a variety of commercial opportunities.