Sellers Motivated! Newly Renovated Motel in Rocky Mount, North Carolina!

For Sale$1,500,000

6953 North Carolina 48, South Whitakers, NC 27809

  • Hotel / Motel

Sellers Motivated! Newly Renovated Motel in Rocky Mount, North Carolina!, South Whitakers, NC 27809 - Hotel / Motel Space

Sellers Motivated! Newly Renovated Motel in Rocky Mount, North Carolina! is located at 6953 North Carolina 48 in the Battleboro neighborhood, NC, South Whitakers, 27809. The Hotel / Motel building features a total of 2.37 Acre.

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Details

  • Sale Price $1,500,000
  • City South Whitakers
  • Neighborhood Battleboro
  • Zip Code 27809
  • Property Type Hotel / Motel
  • Property Size 2.37 Acre
  • Lot Size 2.37 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated 23 Apr, 2019

Description

Please do NOT speak to any employees or call the property directly! Seller will not even accept a full-price offer from you if any employees find out that the property is for sale. 


Priced to sell quickly!

Asking price: $1.5M
2018 Revenue: $450,000
Revenue Multiplier: 3.33x
Rentable Rooms: 100

Sellers are motivated to retire! They have operated this property for the past 10 years!

The property is located off I-95, within 9 miles of North Carolina Wesleyan College, Dunn Center for The Performing Arts and Golden East Crossing Mall. The property is miles away from Hot Wheels Amusement Park and Stonewall Manor. The Hickory Meadows Golf Course and Rocky Mountain is 10 miles away from the motel.

Substantial economic activity currently underway at that exit! CSX is constructing a transportation terminal in the city! Pfizer is expanding its factory right now. A new tire manufacturing company is hiring 400 new people! More construction happening at that exit including a possible new truck stop! Huge upside potential for the buyer. Sellers are ready to retire and tired after 10 years at the property.    

100-room property was fully renovated in 2016 and 2017 with roof in great condition as well as upgraded rooms newly renovated and a brand new security system!

This property provides laundry facilities, 24-hr front desk, RV/bus/truck parking, free WIFI in public areas.

Motel is a franchise which has 95 locations. Very reasonable Franchise fee at 5%.

Denny’s, Waffle House and few other restaurants are nearby.

Last year's revenue was $450,000!

Asking Price: $1.5M. Sellers are motivated to retire! 
 
If interested, please email info@riverbrokers.com with your full name and best contact number to reach you.

Battleboro Demographics

The average household income in zip code 27809 is $75,360, from a total of 1,889 households. In terms of employment, there are 69.46 % white-collar and 30.54 % blue-collar jobs in zip code 27809.

Population

  • Total Population5,083
  • Male Population(55.1 %) 2,802
  • Female Population(44.9 %) 2,281
  • Median Age45.20

Income/Financial

  • Average Household Income$75,360
  • Median Household Income$47,940
  • Median Income 25-44$53,854
  • Median Income 45-64$51,902
  • Median Income Over 65$28,185

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