Mountaineer Inn Asheville — Sale in Asheville, NC
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Asheville, NC 28805
- Year built: 1939
Photos
Description
Marcus & Millichap is pleased to present the fee simple interest in The Mountaineer Inn, a redevelopment opportunity located along Tunnel Road in Asheville, North Carolina, one of the city’s primary commercial corridors and a key gateway for visitors. Positioned on a highly visible and accessible site, the property offers significant upside through repositioning or ground-up redevelopment in a supply-constrained, high-barrier-to-entry market. The asset is strategically located minutes from downtown Ashville, the Biltmore Estate, and the River Arts District, key demand drivers within a market that attracts approximately 12.5 million annual visitors. Long term growth fundamentals are supported by ongoing infrastructure investment, including the $400 million expansion of the Ashville Regional Airport proving Asheville’s resilient tourism driven economy and long- term lodging demand. Investment Highlights: • Prime Tunnel Road corridor location, one of Asheville's primary thoroughfares serving as a major gateway for visitors • Immediate access to I-240 and I-40, just 2 miles to downtown Asheville • Tourism-driven economy: 27,000 jobs and $2.6B in visitor spending • The Biltmore Estate, (2.9 miles) attracts 1.4M visitors annually • Minutes from downtown Asheville, River Arts District, Mission Health, Harrah's Cherokee Center Asheville • Biltmore Championship (September 2026), Inaugural PGA Tour event proving resilient tourism market • Asheville Regional Airport, 20-minute drive, undergoing a $400M expansion
Market Context
This hospitality in Asheville, NC is listed for sale. The building dates to 1939. Compare it against other hospitality listings for sale in Asheville, NC — view the full market.
Contact
- Chase Dewese · (704) 831-4636 · chase.dewese@marcusmillichap.com
- Jack Davis · (843) 952-2253 · jack.davis@marcusmillichap.com
- Joce Messinger · (843) 952-2255 · joce.messinger@marcusmillichap.com
- Charles Gallagher · (704) 831-4600
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