Property Images: 
MLS# 121135: Rare Motel Opportunity!!
Asking Price: 
2,150,000
Subdivision: 
Roanoke Park
Unit/Lot #: 
Lot 6 & 13
706 N Highway 64/264 Manteo, NC 27954
Lot 6 & 13
Waterfront: 
None

Information

Welcome to The Island Guesthouse and Motel in Manteo, NC. Current owners have significantly improved every metric of this year around business: revenue, occupancy, ADR, and online reputation. This is the perfect opportunity for owner-operators and investors alike. Impressive CAP rate.

The vintage vibe at the motel attracts a wide variety of guests from fishermen and boat builders to vacationers, business travelers, and visiting friends & family of locals. Located close to beaches and the best surfing and fishing on the Eastern coast, the town of Manteo offers a little something for everyone. A friendly greeting, good conversation and down-home Southern hospitality are the standard. Guests choose from (4) guest rooms in the main house or (8) traditional rooms in the motel, some with kitchenettes.

Owners have created an easy-going business model with clean and friendly accommodations. Check out their reviews on Trip Advisor and Google. Current owner willing to train for a successful transition. This is a great opportunity to own a revenue-generating, lodging property on the Outer Banks.

Area
Manteo-S. of Airport Road
Subdivision
Roanoke Park
Unit/Lot#
Lot 6 & 13
Lot Description
Common Area,Level
Lot SqFt
14500
Roof
Asphalt/Fiber Shingle,Metal
Possession
At Closing
Foundation
Masonry
Roads
Public
Taxes
$4009.75
Construction
Block
Frame
Parking
1-25 Spaces
Off Street
Parking Lot
Year Built
1944
Days On Market
29
Listing Agent
Alexandra Miller - Saunders
Listing Office
Keller Williams - Outer Banks

Request More Information

Rick Kinne
Senior Associate Broker
Cell: 252-256-2670

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