136 Dougherty StBlack Mountain, NC 28711

Property Details for 136 Dougherty St

Year built

1919

Lot size

0.85 AC

Property size (Sq ft)

10,274 SF

Zone code

DEED DATE: 2022-08-09 DEE

Property type

Bed & breakfasts

APN

0619-26-2478-00000

APU

61926247800000

Description

Nestled in Black Mountain, NC, this historic 1897 inn (renovated 2023) offers 17 guest rooms across two, three-story buildings totaling 11,576 square feet on a 0.85-acre lot. The property includes a restaurant with 80 seats, a full commercial kitchen, and a liquor license. A separate carriage house apartment, currently rented for $1,000 monthly, provides additional income potential. The inn also benefits from a leasehold agreement with a bakery generating approximately $75,000 in annual income. The property is zoned TR-4 and features antique furnishings, modern amenities, and stunning mountain views. Its prime location offers easy access to Asheville and numerous outdoor recreational opportunities. The asking price is $3,250,000, and the property is offered fee simple. The APN is 0619-26-2478-00000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,251,892

  6.5%

  $2,078,669

  7%

  $1,930,193

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,987,767

  Geo Method

  $1,987,767

• Alternative Use

  Use

  Valuation

  Residential

  $2,269,303

  Hospitality

  $2,078,669

  Educational

  $1,729,428

  Medical

  $1,788,906

  Retail

  $2,690,222

Location Insight

City

Black Mountain

County

Buncombe

State

North Carolina

Latitude

35.6183

Longitude

-82.3241

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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