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Phillips Historic Motel & Cottages 290 N Main St
21 Room Hotel Robbinsville, NC 28771 £779,383 (£37,113/Room)
Executive Summary
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £779,383 | Building Size | 9,343 SF |
| Price Per Room | £37,113 | No. Rooms | 21 |
| Sale Type | Investment | Number of Floors | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1963/2008 |
| Property Type | Hospitality | Parking Ratio | 3.64/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.67 AC |
| Price | £779,383 |
| Price Per Room | £37,113 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 9,343 SF |
| No. Rooms | 21 |
| Number of Floors | 2 |
| Year Built/Renovated | 1963/2008 |
| Parking Ratio | 3.64/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
- Fully-Equipped Kitchen
- Multi-Room Suites
About 290 N Main St , Robbinsville, NC 28771
It is a great setup for a family, wanting to live on the property. The main building/reception area of the motel is the owner's 5-bedroom 4-bath house. The main house has 10 rooms, 2 basement apartments, and 2 laundry rooms. "Apartments" are rooms with full kitchens, they aren't rented "long term" but are part of the motel pool. The land and property commercial acreages are valued over $950,000 (appraised in 2017 for over $800,000). The business is thriving. Note; NOT INCLUDED IN THE SALE for this price are the six (6) houses, 3-bedroom houses that rent for approximately $200 per night. Will consider the package if an interested party is interested. Ownership may be interested in a TRADE for another motel. bed and breakfast, or something of similar value in California, Arizona, or somewhere at or near a ski resort. Ownership is usually off-traveling the world at least 3 - 5 months a year. Robbinsville is the only town near two or three of the most famous roads in the United States, the Tail of the Dragon, the Cherohala Skyway, and others.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | £142.56 | - |
| Guest Room | 19 | £69.71 | - |
PROPERTY TAXES
| Parcel Number | 5660-12-04-5511-3-0 | Improvements Assessment | £455,755 (2024) |
| Land Assessment | £74,022 (2024) | Total Assessment | £529,777 (2024) |
PROPERTY TAXES
zoning
| Zoning Code | commerical |
| commerical |
Presented by
The Lafayette Group, L.L.C.
Phillips Historic Motel & Cottages | 290 N Main St
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