The Island Guesthouse and Motel

Manteo (Outer Banks), NC   Offered for sale at $2,150,000

We have done all of the work to get you into a profit machine right away. If you are more interested in making money than having a old dust filled Victorian, this is your place. This is a great opportunity for a solid, revenue producing property. Full renovations have taken place over the past 4 years, with over $600,000 in capital improvements. Incredible occupancy and solid ADR and Rev par. Revenues 2024 were $470,000. For access to the financials please contact us with proof of funds and willing to sign an NDA. A solid 10 cap property, you will need to be a cash buyer or have significant down payment. Financing a hospitality property is never a good business strategy.

Property Details
  • 12 Guest Rooms
  • 12 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1950
  • Last Renovated in 2024
  • Opened in 1950
  • Building is 7,000 SQFT
  • Lot is 0.7 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $2,150,000
  • Occupancy Rate: 75%
  • Average Daily Rate: $127.00
  • Annual revenue is $450,000
  • Prequalify for Financing
Contact Information