264 Dillard Road

Estimated Monthly Payment: $21,661/mo 264 Dillard Road, Highlands, NC 28741 MLS# 90371 Commercial/Industrial Listing Status: Active Under Contract
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REMARKS:

80 years seems like a long time. It is a long time if your business has thrived through it all. Mitchell's Lodge is the oldest, continuously-family-owned, lodging destination in Highlands. Located on over 4.5 acres of prime commercial property laying between the highly traveled arteries of SR #106 and Hwy 28, the visibility and traffic flow is unmatched whether coming from South Carolina or Atlanta. Over 1,100 feet of road frontage between both roads. The most recent expansion in 2001 - the Cedar Lodge - features 13 separate suites based on six different floor plans. The property also boasts separate, free-standing cottages and the time honored, original Log Lodge with 11 suites and bedrooms - all easily accessed from the on-site parking. A total of 28 separate accommodations in a combination of 4 cottages, 11 rooms - two of which are suites and the 13 rooms in Cedar Lodge. 18 of the units have fireplaces. The property also features separate office space and living accommodations for owner or caretaker. A breakfast area where continental breakfast is served with seating indoor and out. With the expansion in 2001 came new utility lines and services, including a new pavilion overlooking the stream which flows from the spillway of the pond located on the property. Centrally located only 2 blocks from Main Street, Mitchell's is a convenient stroll to everything Highlands has to offer. From upscale shopping & dining and professional stock theatre, to the natatorium, convention facilities and ice skating in season.

OVERVIEW:

Commercial/Industrial
Active Under Contract
Highlands In-Town
4.62
Mitchell'S Motel
1939
Log, Wood Siding
Cleared, Gently Rolling, Spring
Shingle
Other-See Remarks
Electric, Central, Mixed
Central, Wall Unit, Mixed
Public
Public Sewer

FINANCIAL:

$4,750,000

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