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706 N Highway 64/264 , Lot 6 & 13

Manteo, NC 27954
  • $2,150,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 121135
UPDATED: 93 min ago
$2,150,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1944
County:

School Ratings & Info

Description

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.

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© 2023 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty OBX. Data last updated: 2023-02-05T23:37:50.08.
www.mattmyatt.com/homes/135887127
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706 N Highway 64/264 , Lot 6 & 13 Manteo, NC 27954

  • Price: $2,150,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 93 min ago
  • MLS #: 121135
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1944
Built
Neighborhood:
Roanoke Park
County:
Dare
Area:
Manteo-S. of Airport Road
Property Description
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.
Exterior Features

Construction BlockFrame Foundation Masonry Lot Description Common AreaLevel Lot Faces E Lot Size Dimensions 60X235 Parking Garage 1-25 SpacesParking LotOff Street Roads Public Roof Asphalt/Fiber ShingleMetal Street Frontage 60 Waterfront Location None

Interior Features

Floor Covering CarpetCeramic TileTileOther-See Remarks Hotel Motel Sq Ft 4777

Property Features

Bank Owned YN No Business Name Island Motel And Guesthou Business Or Real Estate Bus/ Bldg/ Lf Simple Commercial Features Living Quarters Commercial Type Hotel / Motel Current Use Island Guest House Documents On File Land Survey Financing Options CashCommercial Flood Zone X Gross Income Range $400001 - $800000 Permitted Use HotelMotelCottage Crt Possession At Closing Potential Short Sale No Property Features Door SignDumpsterPartially Fenced Sewer Septic Municipal Sewer Tax Year 2022 Taxes 4009.75 Water Municipal Water Zoning B-2

Listing courtesy of Alexandra Miller - Saunders of Keller Williams - Outer Banks: C: 252-207-5556.


© 2023 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty OBX. Data last updated: 2023-02-05T23:37:50.08.
 
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5595 N. Croatan Highway
Southern Shores NC, 27949