176 Bridge Street Hot Springs, NC $ 3,400,000
176 Bridge Street
$ 3,400,000
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176 Bridge Street

Hot Springs, NC, 28743
$ 3,400,000
Baths17.0

Monthly Estimate*

$ 23,750

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Studio

Commercial Property for sale in Hot Springs, NC

for $3,400,000 with 17 full baths. This building was built in 1933 on a lot size of 0.21.

Welcome to the Iron Horse! This historic staple located in Hot Springs offers the opportunity for a turn key business with multiple revenue streams. The building has been carefully updated inside and out. New windows, HVAC, roof, kitchen equipment, and so much more. The restaurant serves up the best food in the area! The hotel offers 15 spacious rooms with en suite bathrooms, fully furnished, with careful thought to the mountain feel it resides in. The two separate rental spaces are fully leased with loyal local businesses. This property is a revenue generator allowing for quick turnkey returns on your investment. An offer memorandum is available upon request. Previous contract fell apart due to the buyer asking for a large credit day before the end of the inspection period. Property appraised. All necessary repairs discovered in inspection have been fixed. Owner financing is possible.

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Commercial Active

Price

$ 3,400,000

Bedrooms

Studio

Full Bath

17

Property Type

Commercial

Taxes

$ 0

Style

Hotel/Motel

Lot Size

0.21

Year Built

1933

Town/City

Hot Springs

County/Region

Madison

MLS | Web ID

4027032

Features
General
Sewer Public Sewer
Heating Central Forced Air Heat Pump Total Area
Cooling Ceiling Fan(s) Central Air Heat Pump
Utilities Cable Available Electricity Connected
Roof Built-Up Flat Wood Wood Wood Wood
Appliances Bar Fridge Convection Oven Dishwasher Exhaust Hood Freezer Gas Cooktop Gas Oven Indoor Grill Refrigerator
Construction Materials Brick Full
Year Built 1933
Property SubType Hotel/Motel
Elevation 1000
Accessibility Two or More Access Exits
Additional Parcels Description 24 S Andrews Ave 16 S Andrews Ave.
County Madison
New Construction N
Property Type Commercial Sale
Directions GPS is Accurate
City Hot Springs
Number of Units Leased 15
Street Name Bridge
Standard Status Active
Construction Type Site Built
Restrictions No Restrictions N/A
Tax Assessed Value 1466163
Virtual Tour https://wncrealestatephotography.aryeo.com/videos/f828a6cd-cfb1-4e8a-a6a4-566f8104c263
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Interior
Flooring Tile Wood
Street Suffix Street
Total Baths 17
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Exterior
Parking Features On Street
Lot Features Corner Lot Level
Water Source City
Inclusions Building Business Equipment Fixtures Inventory Land Licenses
Lot Size Area 0.21
Foundation Details Slab
Number of Buildings 3
Road Surface Type Paved
Other Parking Street Parking
Lot Size Units Acres
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 176
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* Excluded Features
List By
Century 21 Connected

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Affordability Calculator

$23,750
Per Month
100%
0%
0%
Monthly Principal & Interest
$23,750
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/24/2024$3,400,000 -1.45% Price Down
8/4/2023$3,450,000 -12.66% Price Down
5/8/2023$3,950,000 Listed Price

Map


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176 Bridge Street, Hot Springs, NC, 28743 is a Commercial Property for sale at $3,400,000 with a lot size of 0.21. 176 Bridge Street is a studio with 17.0 baths and was built in 1933. The property's zip code is 28743 which is in Hot Springs, NC