Hotel-Motel
Mountaineer Inn Asheville
155 Tunnel Rd, Asheville, NC 28805
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in The Mountaineer Inn, a redevelopment opportunity located along Tunnel Road in Asheville, North Carolina, one of the city’s primary commercial corridors and a key gateway for visitors.
Positioned on a highly visible and accessible site, the property offers significant upside through repositioning or ground-up redevelopment in a supply-constrained, high-barrier-to-entry market.
The asset is strategically located minutes from downtown Ashville, the Biltmore Estate, and the River Arts District, key demand drivers within a market that attracts approximately 12.5 million annual visitors. Long term growth fundamentals are supported by ongoing infrastructure investment, including the $400 million expansion of the Ashville Regional Airport proving Asheville’s resilient tourism driven economy and long- term lodging demand.
Mountaineer Inn Asheville
Investment Highlights
- Prime Tunnel Road corridor location, one of Asheville's primary thoroughfares serving as a major gateway for visitors
- Immediate access to I-240 and I-40, just 2 miles to downtown Asheville
- Tourism-driven economy: 27,000 jobs and $2.6B in visitor spending
- The Biltmore Estate, (2.9 miles) attracts 1.4M visitors annually
- Minutes from downtown Asheville, River Arts District, Mission Health, Harrah's Cherokee Center Asheville
- Biltmore Championship (September 2026), Inaugural PGA Tour event proving resilient tourism market
- Asheville Regional Airport, 20-minute drive, undergoing a $400M expansion
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Investment Highlights
- Prime Tunnel Road corridor location, one of Asheville's primary thoroughfares serving as a major gateway for visitors
- Immediate access to I-240 and I-40, just 2 miles to downtown Asheville
- Tourism-driven economy: 27,000 jobs and $2.6B in visitor spending
- The Biltmore Estate, (2.9 miles) attracts 1.4M visitors annually
- Minutes from downtown Asheville, River Arts District, Mission Health, Harrah's Cherokee Center Asheville
- Biltmore Championship (September 2026), Inaugural PGA Tour event proving resilient tourism market
- Asheville Regional Airport, 20-minute drive, undergoing a $400M expansion
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in The Mountaineer Inn, a redevelopment opportunity located along Tunnel Road in Asheville, North Carolina, one of the city’s primary commercial corridors and a key gateway for visitors. Positioned on a highly visible and accessible site, the property offers significant upside through repositioning or ground-up redevelopment in a supply-constrained, high-barrier-to-entry market. The asset is strategically located minutes from downtown Ashville, the Biltmore Estate, and the River Arts District, key demand drivers within a market that attracts approximately 12.5 million annual visitors. Long term growth fundamentals are supported by ongoing infrastructure investment, including the $400 million expansion of the Ashville Regional Airport proving Asheville’s resilient tourism driven economy and long- term lodging demand.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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