406 W. State Street

Black Mountain, North Carolina
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Property Type
Bed & Breakfast / Inn
Guest Rooms
Owners Quarters
Asking Price

Occupancy Rate
Average Daily Rate
Gross Revenue
Gross Revenue Multiplier

Property Overview

Originally built in 1936 as a summer retreat for a wealthy family from Durham, NC, this historic Georgian-style home offers multiple opportunities for residential, live/work or Bed & Breakfast. 20 mins from Asheville, NC & in the town of Black Mountain, a vacation destination in the heart of the Blue Ridge Mountains. Last used as an event center, zoning will allow for many commercial uses.

Property Description

Quality addition in 2000 created a perfect event venue for weddings and large parties up to 300 people or conditioned seated dining for 225 guests. Spacious brick patio can accommodate a 2000 sq ft tent and allows for a myriad of outdoor living and entertaining possibilities. Surround sound on entire first floor & outdoor spaces. Upstairs levels have a total of 14 rooms & 5 baths. Sellers also own home directly behind which may be purchased to add a caretakers cottage and additional access from Border St. Parking for 20 with room to add more.

Business Description

Last use was as an event center - The Wild Hare

Reason for Selling

Owners are retiring.

Terms & Asking Price

Cash or commercial financing.