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Key Details
Sold Price $1,382,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4170851
Sold Date 10/29/24
Year Built 1906
Lot Size 9.050 Acres
Acres 9.05
Property Description
Iconic value-add property now available! The 1906 Pine Crest Inn has served as a cultural and social draw for the town of Tryon for decades, and welcomed guests to its 9+ acre campus, 60 seat restaurant, 36 guest accommodations, and conference / event center. The property and business closed in late 2023, is now lender-owned and available for a new steward’s vision and touches.
The main Inn building serves as the functional hub of the property with inviting natural hardwood floors, a stone fireplace, lobby, dining area with commercial kitchen, and four guest accommodations. The 8 outlying cottages each feature their own unique private escapes with quaint kitchenettes, living areas, and porches with views of the grounds.
Property is being sold as-is with all FF&E, and even includes EV chargers! Buyer might also consider subdivision / resale of individual units as a potential capital model. Full interior photos of main inn can be found in virtual tour below.
Location
State NC
County Polk
Building/Complex Name Pine Crest Inn
Zoning M
Interior
Heating Central, Electric, Other - See Remarks
Cooling Other - See Remarks
Exterior
Roof Type Composition
Building
Lot Description Cul-De-Sac
Foundation Crawl Space, Slab
New Construction false
Others
Senior Community false
Special Listing Condition None
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© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Heidi Selbee • Tryon Horse & Home LLC
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