Princess Anne Hotel 301 E Chestnut St 1,528 - 3,189 SF of Retail Space Available in Asheville, NC 28801

Commercial Opportunity – Boutique Hotel. A unique opportunity to lease a garden-level commercial space within a newly reimagined 16-room boutique hotel in Asheville’s charming Chestnut Hill neighborhood, just north of the downtown central business district. Slated to open Spring/Summer 2027, the property is undergoing a full redesign and rebrand, offering an ideal setting for spa, wellness or other complementary service-oriented uses that enhance the hotel experience while serving the surrounding community. This space benefits from built-in hotel traffic while maintaining its own identity and neighborhood accessibility. The landlord is open to creative uses and will provide support, including a tenant improvement allowance, with space offered on an NNN lease structure. Ideal for an operator seeking a distinctive presence in one of Asheville’s most dynamic and growing hospitality markets.

Restaurant & Bar Opportunity. A rare opportunity to anchor and fully control the food & beverage program within a newly reimagined 16-room boutique hotel in Asheville’s charming Chestnut Hill neighborhood, just north of the downtown central business district. Slated to open Spring/Summer 2027, the property is undergoing a full redesign and rebrand, creating a unique platform for a standout operator to establish and oversee both a restaurant and a separate bar concept serving hotel guests and the surrounding community. This high-visibility, design-forward project offers built-in demand from hotel patrons along with strong neighborhood and destination appeal. The space will be delivered with landlord support, including a tenant improvement allowance, and is offered on an NNN lease structure. Ideal for an experienced operator seeking a flagship or expansion location in one of Asheville’s most dynamic hospitality markets. Opportunity for extra basement storage.