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
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