Interior-Corridor Resort with Water
For Sale
Contact for pricing
201A Sugarloaf Rd, Hendersonville, NC 28792
Turn-key full-service resort with a 12,000-square-foot indoor water park, fitness center, dining, and event space.
Property Size62,977 SF
Lot Size3.74 Acres
Price / SF$63.52
Days on Market52
Property Features for 201A Sugarloaf Rd
General Information
Standard status
Active
Size
62,977 SF
Lot size
3.74 Acres
Property subtype
Hospitality, Multifamily
Zoning
C2
Investment Type
Redevelopment
Site & Location
Traffic Count
65,000 vehicles/day
Highway Access
Yes
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1966
Year Renovated
2018
Buildings
2
Stories
2
Units
20
Listing Agency:
ARC Real Estate LLC
(336) 210-6291
Listed By:
Andre Robert Cobbs · License #306940
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 9 at 9:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARC Real Estate LLC
Investment Insights
Based on property information with market context.
Cascades Mountain Resort is a 100-room, two-story interior-corridor hotel built in 1966 and renovated through a complete gut-job from 2016 to 2018 to meet Choice Hotels’ Ascend Collection standards. The property was converted from an exterior-corridor configuration to enclosed, encased-glass hallways, and features updated guest rooms and suites with new cased-goods, furniture, beds, and mattresses. On-site amenities include an indoor pool area redesigned into a 12,000-square-foot indoor water park with natural stone, indoor gardens, waterfalls, and a two-story, 110-foot water slide, along with a separate hot tub area built over three enclosed, private sections.
Located immediately off Interstate 26 and Route 64 on a 3.74-acre parcel, the resort benefits from exposure to 65,000 VPD on I-26 and 38,000 VPD on Route 64. The resort also includes a fitness center, cafe, game room, gift shop, and a 4,600-square-foot conference room that can seat up to 300 people. A 2,500-square-foot full-service restaurant and a liquor-licensed bar, the Old Orchard Tavern and Bar, offer indoor and outdoor seating.
Operating as an independent hotel since 2016 and joining the Ascend Hotel Collection in 2018, the property is offered as fee-simple with a Choice Hotels International franchise agreement that expires in 2028. The asset is currently unencumbered by third-party management, and seller financing is available.
Located immediately off Interstate 26 and Route 64 on a 3.74-acre parcel, the resort benefits from exposure to 65,000 VPD on I-26 and 38,000 VPD on Route 64. The resort also includes a fitness center, cafe, game room, gift shop, and a 4,600-square-foot conference room that can seat up to 300 people. A 2,500-square-foot full-service restaurant and a liquor-licensed bar, the Old Orchard Tavern and Bar, offer indoor and outdoor seating.
Operating as an independent hotel since 2016 and joining the Ascend Hotel Collection in 2018, the property is offered as fee-simple with a Choice Hotels International franchise agreement that expires in 2028. The asset is currently unencumbered by third-party management, and seller financing is available.
Key Highlights
- 100‑room, two‑story interior‑corridor hotel on a 3.74‑acre parcel, immediately off I‑26 (65,000 VPD) and Route 64 (38,000 VPD).
- Built in 1966 and fully renovated 2016–2018, converting from exterior‑corridor to interior‑corridor resort standards (Choice Hotels Ascend).
- 12,000‑SF indoor water park with natural stone, indoor gardens, waterfalls, and a two‑story 110‑foot water slide; separate hot tub area.
Property Analytics
Property Profile
Current Use
Lease Details
65,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
414k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 28%
Shops & Services 22%
Office Supplies 3%
Walmart
Superstores
114,913 visits/mo
0.5 miles
Chick-fil-A
Dining
52,700 visits/mo
0.3 miles
Cook Out
Dining
20,864 visits/mo
0.4 miles
Dollar Tree
Shops & Services
19,978 visits/mo
0.4 miles
Golden Corral
Dining
19,470 visits/mo
0.4 miles
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Resort - Turn-key full-service resort with a 12,000-square-foot indoor water park, fitness center, dining, and event space.
Where is this resort located?
The property is located at 201A Sugarloaf Rd Hendersonville, NC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 100‑room, two‑story interior‑corridor hotel on a 3.74‑acre parcel, immediately off I‑26 (65,000 VPD) and Route 64 (38,000 VPD).; Built in 1966 and fully renovated 2016–2018, converting from exterior‑corridor to interior‑corridor resort standards (Choice Hotels Ascend).; 12,000‑SF indoor water park with natural stone, indoor gardens, waterfalls, and a two‑story 110‑foot water slide; separate hot tub area.
