Business for Sale Overview:
Prime Location 40 Room Motel in a Downtown Area in North Carolina For Sale For $1,600,000! Motivated Seller! This Motel, established since 1982 has amazing potential & needs an enthusiastic new Owner to take charge. This is an ideally positioned property on 1.4 acres of prime real estate, right on the corner of a busy intersection by a major overpass. Thousands of travelers pass by daily! The motel has fresh new exterior paint & has excellent, easy access to & from the premises. It consists of 3 levels with spectacular mountain & river views. There are bar & restaurant facilities on the premises & the downstairs banquet hall that covers a spacious 10,000 square feet could easily be turned into a terrific nightclub! The motel also has living quarters for Owner or management. This is a fast growing area & a very popular area of North Carolina. Friendly staff will stay, if needed. No smoking rooms & facilities, lots of parking, even for trucks & RVs, all rooms are very clean with double, queen or king size beds, new bedding & have A/C & Heat, cable television, AM/FM alarm clock, 24 hour front desk, fax & copy service. Owner is also prepared to offer financing up to 50% of asking price with substantial down payment. This motel is waiting for someone that can recharge its batteries! This motel has so much potential. By re-opening the bar & restaurant facilities & even by converting the banquet facilities into a nightclub, it could be used for private functions, banquets, wedding receptions, conferences, corporate retreats--the possibilities are endless.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Prime location on 1.4 acres. in the western region of North Carolina with breathtaking views of the mountains & the river. Main street is just minutes away yet it is also amazingly close to the major cities of six other states (Georgia, Alabama, Tennessee, South Carolina, Kentucky, & West Virginia). The Indian Reservation & Harrah's Casino are less than an hour away. This is a prime location to attract the attention of travelers as it is right at the intersection directly near a busy overpass. This is truly a great place to operate a motel, in a great community, with friendly people & lots of area attractions.
Market Competition and Expansion:
This motel is waiting for someone that can recharge its batteries! The motel has so much potential. Re-opening the bar & restaurant facilities & even by converting the banquet facilities into a nightclub. It could be used for private functions, banquets, wedding receptions, conferences, corporate retreats--the possibilities are endless. No concerns regarding competition.
Reason for Selling:
Owner is retiring due to health concerns.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.