Hot Springs, NC 28743,158 Bridge ST
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Hot Springs, NC 28743,158 Bridge ST
Hot Springs, NC 28743,158 Bridge ST
Hot Springs, NC 28743,158 Bridge ST
Hot Springs, NC 28743,158 Bridge ST

$965,000

Est. payment /mo

$975,000

1.0%
Est.Price: ?

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158 Bridge ST Hot Springs, NC 28743

6 Baths

5,972 SqFt

SOLD DATE : 11/02/2022

Key Details

Sold Price $965,000

Property Type Commercial

Sub Type Food/Beverage

Listing Status Sold

Purchase Type For Sale

Square Footage 5,972 sqft

Price per Sqft $161

MLS Listing ID 3841883

Year Built 1950

Lot Size 5,227 Sqft

Property Sub-Type Food/Beverage

Property Description

Take a tour through both levels of this turn key investment opportunity offered at a 7.5% CAP Rate. The first video will start at the back of the store. The second will take you through each vacation rental. The building has been completely redone. It features a new roof, HVAC, electrical, and plumbing. A gem within beautiful Hot Springs offers you the opportunity to own a restaurant, store, and vacation rentals all in one. This business was a secondary one for the seller and the income potential has not been fully realized. The rentals were only rented on the weekends at below market rates and the store was only open until 7:00 during peak summer hours. The income potential can be tripled from the current numbers. More material and information available for download. Rentals come fully furnished. No leases are in place. The owner is selling everything.
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Location

State NC

County Madison

Zoning R-A

Interior

Heating Central, Electric, Zoned

Cooling Central Air, Wall Unit(s)

Flooring Tile, Wood

Exterior

Fence Fenced

Utilities Available Cable Connected, Electricity Connected, Gas, Phone Connected

View Water

Roof Type Built-Up,Insulated,Rubber,Other - See Remarks

Building

Sewer County Sewer

Water County Water

Structure Type Brick

New Construction false

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by Chris Smith • Modern Mountain Real Estate Company LLC • [email protected]
Bought with Cindy Ward • Weaverville Realty
Michael C Cook

Michael C Cook

Agent | License ID: 261186

+1(704) 900-1688

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