TURN KEY MOTEL/RESTAURANT
Hospitality
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30679298 |
| Property Subtypes: |
Motel
|
| Status: |
Pending/Contingent |
| Number of Units: |
4 Units |
| Building Size (RSF): |
7,920 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.10 SF
|
| Sale Price: |
$738,000 |
| Unit Price: |
$184,500 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/31/2021 |
Overview / Comments
|
TREMENDOUS OPPORTUNITY IN THE HEART OF EASTERN NC. The potential for this property is unlimited. The site, based on its currentusage has a motel building, a lodge of apartments, a restaurant, a free standing metal building being used as a wild game prep area, and aseparate single family home/office. The property is located on Highway 264 between Engelhard and Swan Quarter, at the entrance to thefamous Mattamuskeet Wildlife Refuge. The property offers the opportunity operate as a hunting/fishing lodge, seafood restaurant, year aroundapartments in the lodge, typical motel, etc. being in the center of Hyde Co with all the wildlife and water access benefits. An additional optionmight be to convert the motel rooms into one bedroom condos, the lodge apartments into condos, sell them off, manage on site, and operate orlease the restaurant. The potential is only limited by one's imagination and fore sight.
|
Additional Details
| Nearest MSA: |
Kill Devil Hills |
| County: |
Hyde |
| Tax ID/APN: |
8642286471 |
| Zoning: |
NONE |
| Retail Clientele: |
Family, Tourist, Recreation |
| Property Located Between: |
Pamlico Sound & Lake Mattamuskeet |
| Property Visibility: |
Good |
| Total Number of Buildings: |
4 |
| Number of Stories: |
2 |
| In Flood Plain?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
|
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