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Listing #MT09051
Forest City, NC
Offered at $1,450,000 |
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| Property Details |
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Listing Type: |
Hotel/Motel |
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Status: |
Active |
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Confidential Status (In Process if checked): |
no |
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City Status (Show if checked): |
no |
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Selling Price: |
$ 1,450,000.00 |
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Down Payment: |
Cash |
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Annual Sales: |
$435,500 |
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Franchise: |
Yes |
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Building Age: |
21 |
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Construction Type: |
Masonry |
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Parking Spaces: |
Ample |
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Basement: |
No |
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Roof Type: |
Gable |
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Number of Offices: |
1 |
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Number of Loading Docs: |
No |
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Number of Restrooms: |
No |
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Appraisal: |
2008 |
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Acreage: |
3.4 +/- |
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Property Owned: |
yes |
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Property for Sale: |
Included |
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Years in Business: |
4 |
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Security System: |
Yes |
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Payroll Expense: |
74201 |
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Room Revenue: |
$435,500 |
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Environmental Status: |
Not Known |
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Area Information: |
Located in Forest City, NC. This property sees a lot of tourists coming to see the fall colors in the area. Close to many area attractions like Lake Lure(15), and Chimney Rock(15), Garner-Webb University(25) and the Biltmore Estate (45). Area shopping and dining! This is the perfect spot! |
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Other: |
Price Reduced! Extra Nice 62 room Franchised Motel in Forest City for $1.7M, 2 Floors Exterior, 52 Double & 10 King, 4 spacious Suites available! Pool, and large banquet hall facility(seats up to 100) as well as breakfast area for 30. Wireless internet and cable TV throughout the motel. New Power Plant constuction in area is bringing in many long term customers! This property won't last long! Call your County South Broker today! |
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Land Owned or Leased: |
Owned |
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# of Bathrooms: |
1 |
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# of Manager Quarters: |
1 |
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Manager Quarters: |
yes |
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Exercise Room: |
no |
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Pool: |
yes |
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Corridor Type: |
Exterior |
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Bar/Lounge: |
no |
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Deli/Restaurant Leased or Operated: |
Leased |
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Deli/Restaurant: |
No |
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Type Communication System: |
Phone, Cable, Phone System, Wireless Available |
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Sewer Type: |
City/County |
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# of Maids: |
No |
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Square Feet: |
Building 9100 +/- |
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Insurance: |
12855 |
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Communication Expense: |
6452 |
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Double: |
42 |
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# of Rooms: |
62 |
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Occupancy: |
60 |
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King: |
20 |
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Maintenance Man: |
No |
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ADR: |
$49 |
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NOTE: All information listed here is provided by the seller and should be verified by buyer as we do not guarantee it to be correct.
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