112 N River Drive, Grandy, NC 27947

$649,000
List Price
$649,000
MLS#
113522
Status
ACTIVE
Type
Commercial
Property Type
Hotel / Motel

Property Description

This is an excellent opportunity to take full advantage of the popularity of the OBX with vacationers and/or year-round tenants as well! The shortage of affordable housing and the option for less than a full week stay make this a a successful niche, AKA, "no brainer!" Currently the motel consists of 4 efficiencies, 5 single rooms and 3 double rooms. The property has room to expand occupancy to increase your rental income! Based on current high occupancy, notice is needed to see the interior of the rooms and serious interest is also required. Owner will share financials with a signed non-disclosure agreement. Contact Listing Broker for showing appointment and Confidentiality Agreement. No lockbox.

Additional Information

Units
12
Zip
27947
Lot Dimension
65340 sf
Year Built
1960
County
Currituck

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sun Realty - Duck.

Listed by Joe Staten

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