Inn and Cottage for Sale Asheville
Premier property, premier location, premier city!
This is a rare opportunity to own one of the most unique properties and financially successful bed and breakfast inns in Asheville and Western North Carolina. The 1889 WhiteGate Inn and Cottage for sale Asheville has the perfect location, being the closest of any inn to downtown. This 11 guest room bed and breakfast inn for sale is one of only 2 AAA 4 Diamond, Select Registry® inns in Asheville, also listed on the National Register of Historic Places.
Comprising 4 buildings on a single lot (unusual in itself) the main inn has 4 guest rooms on the second floor and 1 luxury suite on the garden level. The spacious 2 bedroom, 2 bath owner’s quarters with great room and kitchen are on the third floor.The first floor is dedicated to dining room, guest common areas, kitchen, and office.
The 2 story Carriage House, built in 2007, has 3 luxury suites and a fully equipped exercise room with sauna. An adjacent 1905 Bungalow, which was completely renovated in 2008, boasts an 1100 SF 2 bedroom suite and a 650 SF 1 bedroom suite, both with full kitchens. There is ample attic storage in the Bungalow.
The quaint Guest Cottage rounds out the guests spaces as a single, 1 bedroom luxury space with fireplace, 2 person Jacuzzi, and private porch.
Double whirlpool tubs, steam showers, fireplaces, and other luxury amenities abound throughout the inn, resulting is an enviable ADR of about $260.00 a night.
One of the most unique features of the WhiteGate Inn and Cottage for sale Asheville are the extensive gardens which have established the inn as a horticultural destination. The WhiteGate gardens feature over 600 perennials, rare and unusual trees, shrubs, and conifers. Described as a tropical oasis in the city, the garden has been featured in magazines and has hosted gardening groups from all over the United States. the focal point of the main garden is an extensive water feature with 3 ponds and 9 waterfalls connected by a stream course. Many outdoor rooms and sitting areas are positioned throughout the property creating a tranquil respite for the guests.
Complementing the gardens is a 1200 SF commercial grade greenhouse. If a new owner chooses not to cultivate plants (the inn is known for orchids), the footprint of this structure could be used to build 4 additional guest rooms, a permitted use for this property zoned Office/Office.
The very successful 1889 WhiteGate Inn is just three blocks from the edge of Downtown Asheville, 2.3 miles to the Biltmore Estate, 4 miles to the entrance of the Blue Ridge Parkway, and 2 blocks from I-240, which passes through Asheville. Read more about Asheville and why it is one of the “coolest” towns in a recent blog.
Asheville was named The top US Destination Visit 2017 by Lonely Planet.
1889 WhiteGate Inn and Cottage for sale Asheville has consistently maintained occupancies in the 60% range, resulting in revenues that make this inn both profitable and an excellent investment value for the knowledgeable buyer seeking both a lifestyle and a solid return on investment in one of America’s favorite destination cities. The inn is listed exclusively with The B&B Team, Inc. for the reduced price of $2,650,000. For details, please contact Peter Scherman.
Photos by Jumping Rocks Photography.
- Financially Viable
- $2 Million to $3 Million
- 11 - 20 Rooms
- Bed & Breakfast
- Select Registry