Catylist ID: #30587018
VERY SUCCESSFUL OCRACOKE ISLAND MOTEL
Hospitality for Sale
|Catylist Listing ID:||30587018|
|Property Subtypes:||Motel, Resort|
|Number of Units:||52 Units|
|Building Size (RSF):||See Agent|
|Gross Building Area:||See Agent|
|Gross Land Area:||2.40 Acres|
|Unit Price:||$86,538.46 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment, Business|
|Building Name:||Pony Island Motel & Cottages|
|Name of Establishment:||Pony Island Motel & Cottages|
|Sale Terms:||Cash to Seller|
Overview / Comments
VERY SUCCESSFUL MOTEL, IN LIKE NEW CONDITION.
The motel has been operated by the same family since the 1970's.
With repeat clientele in the summer season, governmental and sportsmen in the winter months, the motel has consistent income and profits.
With a wide variety of accommodations from single rooms to efficiencies and even a cottage, along with a very nice pool, the occupancy rates are excellent.
All 50 rooms are non-smoking, with telephones, Wifi, A/C, refrigerators, microwaves, cable TV, and hair dryers, and expansive marsh and distant ocean views from the newer three story wing. Also included is a 3 bedroom, 2 bath cottage and a 2 bedroom apartment on site.
The original wing of the motel is nestled among the red cedars and live oaks, with picnic tables, and grilling areas.. The is also plenty of room for boat parking on the spacious grounds.
This is an exception opportunity for the astute, discerning owner/operator.
|Nearest MSA:||Kill Devil Hills|
|Retail Clientele:||General, Family, Traveler, Tourist, Recreation|
|Feet of Frontage:||1,343|
|Highway Access:||Off Hwy 12|
|Total Number of Buildings:||4|
|Number of Stories:||3|
|Water Recreation:||Outdoor Pool|
|Heat Source:||Wall Units|
|Proximity:||3 miles||5 miles|
Bobby HarrellRobert F. Harrell & Associates, Inc NCCMLS Member
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