Asking Price: $430,000
Gross Revenue: $115,000
Established: 2002 (Built in 1950 and renovated by current owner in 2005 and 2015)
Nice downtown motel in Jonesville, North Carolina with an estimated new construction cost of over $530,000, average gross revenue of $115,000 (2015-2017), and great upside potential!
Located in the foothills of the Blue Ridge Mountains, this motel near Buck Shoals Vineyard and Winery is an ideal place in Jonesville, North Carolina with a convenient location and high visibility near exit Interstate 77. Jonesville’s population density is 335% higher than North Carolina, and it is located in Yadkin County with an estimated population of 37,774. With total crimes in Jonesville 46% lower than North Carolina, and cost of living is 8% lower than North Carolina, it makes a safe and affordable destination for relocation.
This motel sits on 1 acre and is a one-story, exterior corridor building featuring 22 guest rooms with TVs, microwaves and mini-fridges, and an owner’s suite with two bedrooms.
The motel’s convenient location makes it an ideal lodging destination to explore nearby points of interest like Blue Ridge Parkway, over 40 Vineyards/Wineries offering tours and tasting, Stone Mountain State Park, Pilot Mountain State Park, Yadkin Valley, etc. There are numerous fast food restaurants, factory outlets, convenience stores, branded gas stations, golf courses and regional demand generators nearby. Commercial flights are available through Piedmont Triad International Airport in Greensboro and Charlotte Douglas International Airport.
With great room rates, convenient location, abundant recreational activities and mild weather, the motel is a great choice for business and leisure travelers alike, with a convenient location just 3.7 miles off Interstate 77. Great visibility, easy transportation and travel access, just 1 hour 11 mi (74.2 miles) from Charlotte, the largest MSA of the Carolinas! It is located approximately 35.5 miles from Statesville, 43.5 miles from Winston-Salem, 59.9 miles from High Point , 72.1 miles from Greensboro, 74.2 miles from Charlotte, and 145.3 miles from Raleigh.
Proud ownership since 2002!! Income: Ideal for 1. Long term real estate investment, 2. Investors, 3. Family run business, 4. Retirement supplemental income Or 5. Owner-operators. **Immediate revenue upside potential with family or owner-operation, online booking and sales efforts.**
For more details or to list your hotel or motel for sale, please call Madhur Gupta at (919) 428-9840. Information in this listing has been provided by the seller and third parties, and is subject to change without notice. Buyer must independently verify this information, and we assume no responsibility for its accuracy or completeness.
Real Estate: Owned (Included in asking price)
Building SF: 6,940
Competition: Limited competition
Growth & Expansion: Immediate revenue upside potential with family or owner-operation, online booking and sales efforts.
Support & Training:1-2 weeks training can be provided if needed.
Reason for Selling: Health / Retirement