LISTING DETAILS

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Listing #MT09051
Forest City, NC


Offered at $1,450,000

 

Property Details
Listing Type: Hotel/Motel
Status: Active
Confidential Status (In Process if checked): no
City Status (Show if checked): no
Selling Price: $ 1,450,000.00
Down Payment: Cash
Annual Sales: $435,500
Franchise: Yes
Building Age: 21
Construction Type: Masonry
Parking Spaces: Ample
Basement: No
Roof Type: Gable
Number of Offices: 1
Number of Loading Docs: No
Number of Restrooms: No
Appraisal: 2008
Acreage: 3.4 +/-
Property Owned: yes
Property for Sale: Included
Years in Business: 4
Security System: Yes
Payroll Expense: 74201
Room Revenue: $435,500
Environmental Status: Not Known
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!
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!
Land Owned or Leased: Owned
# of Bathrooms: 1
# of Manager Quarters: 1
Manager Quarters: yes
Exercise Room: no
Pool: yes
Corridor Type: Exterior
Bar/Lounge: no
Deli/Restaurant Leased or Operated: Leased
Deli/Restaurant: No
Type Communication System: Phone, Cable, Phone System, Wireless Available
Sewer Type: City/County
# of Maids: No
Square Feet: Building 9100 +/-
Insurance: 12855
Communication Expense: 6452
Double: 42
# of Rooms: 62
Occupancy: 60
King: 20
Maintenance Man: No
ADR: $49




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