Asking Price: $750,000
Gross Revenue: $216,000
Located at the entrance of the Blue Ridge Mountains in a historic town with hometown charm and natural beauty, this motel provides a tranquil and serene setting for your relaxed North Carolina stay!
The motel has 1.82 acres land on a high visibility prime location. The motel is a two story, exterior corridor building consisting of 32 guest rooms and an owner/manager’s suite. The motel amenities include free WiFi, TVs, free HBO, free coffee, microwaves, mini-fridges, pet friendly facility, handicap rooms, non-smoking rooms, access to 18-hole golf course, and all major credit cards are accepted. 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 and gourmet restaurants close to the motel, including popular ones within walking distance. Commercial flights are available through Piedmont Triad International Airport in Greensboro and Charlotte Douglas International Airport.
With great room rates, convenient location, amenities, abundant recreational activities and mild weather, the motel is a great choice for business and leisure travelers alike, with a convenient location just 2.5 miles off Interstate 77 and 8 miles from Interstate 74. Great visibility, easy transportation and travel access, just 1 hour 25 min (77.1 miles) from Charlotte, the largest MSA of the Carolinas! Located approximately 46 min (46 miles) from Winston-Salem, 1 h (62.7 miles) from High Point, 1 h 26 min (76 miles) from Concord, and 1 hour 11 min (73.8 miles) from Greensboro.
Proud ownership for over 2 decades!!! 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 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.
- Inventory: Included in asking price
- Facilities: The motel has 13,108 SF of which 10,560 is heated sq ft. The total acreage is 1.82. Annual taxes are less than $4,000. Two-story 32 room exterior corridor motel features owner/manager’s suite, smoking as well as non-smoking rooms, and substantial parking.
- Competition: Current owner has been a proud owner since 1998! Owner operator can expect higher occupancy rate and cash flow. Ideal investment for family-run business, passive income, or additional income after retirement. Conveniently located with proximity to major eastern US cities.
- Growth & Expansion: Turnkey operation. Immediate revenue upside potential with family or owner-operation, additional amenities, sales and marketing efforts.
- Support & Training: 1-2 weeks training
- Reason for Selling: Downsizing / Retirement