Description
Welcome to The Island Guesthouse and Motel in Manteo, NC. Current owners have significantly improved every metric of this year around business: revenue, occupancy, ADR, and online reputation. This is the perfect opportunity for owner-operators and investors alike. Impressive CAP rate. The vintage vibe at the motel attracts a wide variety of guests from fishermen and boat builders to vacationers, business travelers, and visiting friends & family of locals. Located close to beaches and the best surfing and fishing on the Eastern coast, the town of Manteo offers a little something for everyone. A friendly greeting, good conversation and down-home Southern hospitality are the standard. Guests choose from (4) guest rooms in the main house or (8) traditional rooms in the motel, some with kitchenettes. Owners have created an easy-going business model with clean and friendly accommodations. Check out their reviews on Trip Advisor and Google. Current owner willing to train for a successful transition. This is a great opportunity to own a revenue-generating, lodging property on the Outer Banks.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Welcome to The Island Guesthouse and Motel in Manteo, NC. Current owners have significantly improved every metric of this year around business: revenue, occupancy, ADR, and online reputation. This is the perfect opportunity for owner-operators and investors alike. Impressive CAP rate. The vintage vibe at the motel attracts a wide variety of guests from fishermen and boat builders to vacationers, business travelers, and visiting friends & family of locals. Located close to beaches and the best surfing and fishing on the Eastern coast, the town of Manteo offers a little something for everyone. A friendly greeting, good conversation and down-home Southern hospitality are the standard. Guests choose from (4) guest rooms in the main house or (8) traditional rooms in the motel, some with kitchenettes. Owners have created an easy-going business model with clean and friendly accommodations. Check out their reviews on Trip Advisor and Google. Current owner willing to train for a successful transition. This is a great opportunity to own a revenue-generating, lodging property on the Outer Banks.
© 2023 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carolina Designs Realty.
Data last updated: 2023-03-25T23:37:51.083.