Operating Motel with Home

Hospitality for Sale
Catylist Listing ID: 30634780
Property Subtypes: Inn, Motel, Recreation Cabins
Number of Units: 12 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $495,000
Unit Price: $41,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/24/2020

Overview / Comments

This classic motel/lodge is located minutes form the historic Lake Mattamuskeet, with over 50,000 acs, it's the largest fresh water lake in NorthCarolina. The motel has occupants during all seasons, hunting, fishing, and the summer tourist season, when vacationers take a break on theway to the northern Outer Banks and Ocracoke. With rooms, cabins, and lodges, the property meets the needs of many visitors. Plus theadvantage of a home on site that over looks a large pond, that is full of fish and wildlife. The property is ideal for operating as an outfitting centerfor both hunting and fishing or to do Airbnb for visiting nature lovers. Hyde County is a nature lover's paradise, with waterfowl, deer, the largestblack bear population in the US, and phenomenal red drum and trout fishing. The opportunities are unlimited.!!!!!!!!!!!

Additional Details

Nearest MSA: Kill Devil Hills
County: Hyde
Tax ID/APN: 8632-09-7748
Zoning: NONE
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Located Between: Outer Banks & Greenville
Property Visibility: Excellent
Largest Nearby Street: NC Hwy 94/64
Feet of Frontage: 306
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Average
Year Built: 1980
Year Renovated: 2019
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Baseboard, Heat Pump
Air Conditioning: Package Unit
Zoning Description: none
In Flood Plain?: Yes
Lot Frontage: 306
Lot Depth: 145
Water Service: Municipal, Well
Sewer Type: Septic
Land Ownership: fee simple

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