SOLD! – Walnut Lane Inn Bed and Breakfast for Sale

Location: 110 Ridge Rd.
Lyman, SC  29365
Contact: Jan Walker, Realtor
Prudential C. Dan Joyner & Young, Realtors
8291 Warren H. Abernathy Hwy.
Spartanburg, SC  29301
Contact Telephone: 864-680-2789
Contact Toll Free: n/a
Contact Fax: 864-699-4855
Contact Email: janwalker515@hotmail.com
URL: http://www.walnutlaneinn.com
Owners: Hoyt Dottry / David Ades
Business Established: 6/01/97
Affiliation: South Carolina Bed & Breakfast Association, PAII (Professional Association of Innkeepers International)

Area Description: Walnut Lane Inn rests in Upstate South Carolina at the foothills of the Blue Ridge Mountains between Greenville and Spartanburg. The business traveler will appreciate the 10-minute accessibility of Greenville Spartanburg International Airport (GSP) as well as the I-85 and I-26 corridors. Also within easy driving distance are:

1st Carolina Expo Center
BI-LO Center
Biltmore Estate
BMW Performance Driving School
Bob Jones University Museum
Clemson University
Clemson University Automotive Research Park
Converse College
Cowpens Battlefield
Denny’s Headquarters
Furman University
Greenville and Spartanburg Business Districts
Hatcher Gardens
Lear Corporation
Little Warehouse
Michelin North America Headquarters
Nike Distribution Center
SC Botanical Gardens
Sealed Air International Headquarters
Spartanburg Art Museum
Spartanburg Memorial Auditorium
The Peace Center
Wofford College

Site Description: This beautiful circa 1902 Plantation Inn is a gracious Bed and Breakfast located in the middle of the Greenville/Spartanburg Metropolis. As a former cotton plantation, Walnut Lane Inn boasts six beautifully decorated guest rooms, all with private baths, lovely owner’s quarters, gift shop and large English boxwood gardens. The property is rich with original landscaping, most planted by the original owner, Mr. A. B. Groce. The landscaped 5 acres include the largest Ginkgo and New Dawn Redwood trees in South Carolina.

The 6700 SQ FT restored Federal-Revival Mansion is poised for continued profitable growth. The Inn is ideal for a catering operation because of the kitchen layout and walk-in chiller. The inn currently serves lunch M-F, operates a very profitable catering business and the current 5 acres has provided ample parking for large upscale occasions of 450 plus guests.

Structure: Built in 1902 of heart of pine lumbered on site, the inn is a pure example of yesterday construction. Since built, the inn has experienced almost no settling, since it rests on bedrock.

A special feature of the house is the number of closets for storage. Offered in 15 total rooms are 10 closets, uncommon for older homes. In addition to the six upstairs guest rooms is a large linen closet for storing all linens, cleaning supplies and toiletries. Other features include:

Brick/Vinyl Siding
Shingle Roof
Forced Air-Gas, Boiler-Gas
Original Hardwood Heart of Pine
¾ Floored Attic
¾ Floored Basement
Public Water/Sewer
Well for Irrigation
Plastered Walls
Smoke Alarms
Washer/Dryer
Commercial Gas Stove
Water Heaters (2) – Gas
Walk-in Pantry
Master (Owner’s) Bedroom downstairs
7 full baths – 3 half baths
16 x 24 Workshop
Original Smoke House – Storage
Original Milk House – Storage
3-Stall Tractor Shed – Storage

Offering: This restored South Carolina Bed & Breakfast Inn is offered fully furnished (turnkey) and has just been reduced to $795,000. Owners will offer training with bed and breakfast and catering, making for very easy transition.

Financial Information:

• Occupancy: n/a
• Average daily rate (ADR): n/a
• Income from room sales: Must Sign Non-Disclosure
•  Taxes: $4,200
• Electricity: n/a
• Water and Sewer: n/a
• Natural Gas: n/a
• Insurance: $4,500

Special Notes: n/a