InnShopper > Inns for Sale > North Carolina > Kenansville > Graham House Inn

Graham House Inn


Kenansville, NC   Offered for sale at $399,000
 

Home is in great shape and ready to move into and restart B&B operations. See old web site: www.grahamhouseinn.com. The 8 original fireplaces are non-functional. Hart-Vulcan stove with 6 burners, 2'x2' griddle, and two large ovens. Kitchen has counters of granite, butcher block, and formica; one three [3] compartment and one two [2] compartment sink each with disposer. Working fireplace at end of kitchen plus another below it in the basement. Kitchen was added in the mid-70s when the house was renovated and has red tile floor. Original house has heart pine flooring. Lot has several huge trees - live oak, sycamore, cedar, magnolia, pecan, walnut, and other species. Azalea and camellia abound. Patio surrounds magnolia. The four [4] large bedrooms are nearly 20'x20' with three [3] of them having an attached bath. Two [2] front porches - one upstairs other down.

Home operated as the Graham House Inn from 1998 into 2011 and maintained a 20-30% occupancy from drive-bys, web traffic, and repeat customers. Location on Main St in the county seat was invaluable as was having a regional hospital and community college in town. Upscale clientele and facility enabled rates of $125/nite.



Property Details
  • Former Inn
  • 4 Guest Rooms
  • 3 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1855
  • Last Renovated in 2005
  • Opened in 1998
  • Building is 4,000 SQFT
  • Lot is 1 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $399,000
  • Occupancy Rate: 30%
  • Average Daily Rate: $125
  • Annual revenue is $30,000
  • Terms: new owner to purchase with bank mortgage
Contact Information