Atlantic Capital Partners, in partnership with Ten-X, has been engaged to market for sale the Alpine Inn, a rare owner-user opportunity located in Little Switzerland, NC. The property is located at an elevation of 3,200-ft on the side of Grassy Mountain along NC State Highway 226-A near the border between Mitchell and McDowell counties, and exactly one mile from the Blue Ridge Parkway. Alpine Inn also sits less than 28-miles from Mt. Mitchell, which at an elevation of 6,684 feet, is the highest peak east of the Mississippi. Situated on a beautiful 2.75 acre site, the offering includes two buildings totaling 5,250 square feet. The Inn was originally built in 1929 and has been well maintained since, with former owners owning the property for extended periods of time. With 13 total rooms, the property features 8 rooms with balconies, 4 lodging rooms, and a mountain suite for guests. The property currently operates from April – October and realized an average occupancy rate in 2021 of almost 60%. The ADR for a night at the Alpine Inn in 2021 varied from $114-$122, showcasing the property’s ability to cash flow in an operation that requires minimal
overhead expenses. Net Operating income more than doubled from 2019 to 2021 for the property, growing from ~48,000 to ~100,000. In addition, current ownership has done an exceptional job completing the necessary repairs and additions needed to provide a compatible and comfortable visit for guests. Along with 13 hotel rooms, the property features an owner’s living quarters below the main office of the property. Property tours are available by appointment only, please contact the listing broker to schedule.