The Island Guesthouse and Motel
Manteo (Outer Banks), NC
Offered for sale at $2,000,000
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 3 years. Incredible occupancy and solid ADR and Rev par. Revenues this year $430,000. For access to the financials please contact us with proof of funds and willing to sign an NDA.
Property Details- 12 Guest Rooms
- 12 Guest Room Baths
- Has Owner's Quarters
- Built in 1950
- Last Renovated in 2021
- Opened in 1950
- Building is 7,000 SQFT
- Lot is 0.7 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $2,000,000
- Occupancy Rate: 75%
- Average Daily Rate: $127.00
- Annual revenue is $430,000
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