1793 Holbert Cove Road Saluda, NC $ 2,495,000
1793 Holbert Cove Road
$ 2,495,000
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1793 Holbert Cove Road

Saluda, NC, 28773
$ 2,495,000
Baths0.0 Sq 8,268

Monthly Estimate*

$ 16,583

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Studio

Commercial Property for sale in Saluda, NC

for $2,495,000. This 8,268 square foot building was built in 1971 on a lot size of 5.31.

Once-in-a-lifetime investment opportunity! This iconic 25 room boutique motel sits atop a private mountain with convenient access to I-26 and a transformative view of 18,000 acres of pristine public lands. The business and facility have been revitalized over the past 3 years and are undergoing a curated room-by-room and campus redesign. Guests enjoy nostalgic motel vibes with modern touches, convenient access, stunning Appalachian sunsets and sunrises, dog-friendly options, remote work capability, and world class outdoor recreation. Property/business offered for sale with FF&E/Brand IP/Goodwill. Operate as-is for a “working retirement” in the mountains, hold as an investment, or convert into a retreat or wedding venue. Excess acreage is a blank canvas for continued development, and the property is eligible for OZ Federal/State tax incentives. There are very few views like this on Planet Earth… how will you be its next steward? **NO Drivebys. DO NOT disturb guests or staff.**

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Commercial Active

Price

$ 2,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Hotel/Motel

Lot Size

5.31

Year Built

1971

Town/City

Saluda

County/Region

Polk

MLS | Web ID

4143380

Features
General
Sewer Septic Installed
Heating Ductless Electric Other - See Remarks
Cooling Ductless Electric Wall Unit(s) Zoned
Utilities Electricity Connected Propane
Roof Metal
Appliances Bar Fridge Dryer Propane Water Heater Washer Washer/Dryer
Zoning C-2
Construction Materials Block Concrete Block Stone Wood
Year Built 1971
Property SubType Hotel/Motel
Elevation 2000
Waterfront Features None
County Polk
New Construction N
Property Type Commercial Sale
Possible Use Commercial Development Multi-Family Residential Other - See Remarks
Directions From I-26 take Exit 59 for Saluda. Drive Northeast on Holbert Cove Road. Motel is the next driveway on the left past Green River Cove Road.
City Saluda
NumberOfUnitsTotal 25
Lot Size Units Acres
Standard Status Active
Construction Type Site Built
Restrictions Deed Short Term Rental Allowed Signage Other - See Remarks
Tax Assessed Value 772063
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Interior
Flooring Carpet Concrete Cork Tile
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Exterior
Parking Features Circular Driveway Driveway Parking Lot Parking Space(s) Shared Driveway
Lot Features Views Other - See Remarks
Water Source Shared Well Well
Total Parking 34
Inclusions Building Business Land Other
Lot Size Area 5.31
Foundation Details Slab
Number of Buildings 1
Building Area Total 8268
Road Surface Type Paved
Other Parking Surface. As-is where-is in-common.
Road Frontage Type County Road Interstate 1 mile or Less
Road Responsibility Publicly Maintained Road Other - See Remarks
Road Frontage 329
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Internal Only
Street Number 1 1793
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* Excluded Features
List By
Keller Williams Professionals

Broker

Affordability Calculator

$16,583
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,583
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2024$2,495,000 Listed Price

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1793 Holbert Cove Road, Saluda, NC, 28773 is a Commercial Property for sale at $2,495,000 with 8,268 sqft and a lot size of 5.31. 1793 Holbert Cove Road is a studio with 0.0 baths and was built in 1971. The property's zip code is 28773 which is in Saluda, NC