The Mountaineer Inn
155 Tunnel Rd., Asheville, NC 28805
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Franchise
Independent
Room Count
76
Year Built
1939
Lot Size
2.05 Acres
Key Highlights
2.05-acre property ideally situated on Tunnel Road, one of Asheville’s primary thoroughfares serving as a major gateway for visitors
The hotel is currently non-operational, presenting a value-add opportunity for a new investor to reposition the asset and bring it back online in accordance with their business plan
The parcel is zoned HB (Highway Business), allowing for a range of potential redevelopment uses including retail, office, self-storage, and other conditional commercial uses
Property offers significant upside through repositioning or ground-up redevelopment in a supply-constrained, high barrier to entry market
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 and serves as Asheville's main tourist attraction
Contact an Agent

Chase Dewese
Senior Director Investments
Charlotte, NC
1001 Sixth Ave., Ste 100 Huntington, WV 25701
NC-293623 WVS-240303513 VA-0225276010
Marcus & Millichap Real Estate Investment Services, Inc., a California corporation

Jack Davis
Senior Managing Director Investments
Charleston, SC
SC-92795 NC-LC896
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Joce Messinger
Senior Director Investments
Charleston, SC
SC-80481 NC-LC810 GA-375018 WV-WVB250301139
Charles Gallagher
North Carolina Broker of Record
North Carolina
NC-351471







