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Geneva Motel and Riverside Bar & Grille

Lake Lure, North Carolina (Rutherford County)

Services - Hotels & Other Lodging | Retail - Bars/Taverns

Asking Price $2,599,000 Inventory $10,000** 
Gross Income $525,000 Real Estate $2,000,000** 
Cash Flow Not Disclosed Year Established 1965
FF&E $100,000* Employees 6

* included in the asking price

** not included in the asking price

Located in highly desirable lake lure area just outside of city limits of chimney rock 1000 ft of road frontage on highway 64/74 and 700 ft on the rocky broad river 2.77 acres total lot size chimney rock village is an incredible tourist destination, and in an area of rapid growth opened restaurant & bar year round for first time this year 35 fully furnished rooms, a 2br managers apt, and a 2,000 square foot tri-level owners quarters with 2 balconies overlooking the river in rear of property you will find tiki bar with inside & outside seating, and with full kitchen, as well as a swimming pool, volleyball and picnic areas, etc. closest liquor license to chimney rock, which allows no alcohol to be served please see page two for more info and amenities all rooms are fully furnished; many are riverfront, and they come in a wide range of accommodation options as to sleeping arrangements motel was built in the 1950 s, with block construction, totaling over 22,000 square feet of useable space one story in front, two stories in rear that overlook the mountains , pool , tiki bar, and all other recreations office connects to lovely & spacious owners quarters, which can be a 2 bedroom 2 bath, or a 3 bedroom 3 bath using connecting motel room, and includes two large decks for both first and second levels, as well as a basement/storage area managers apartment is over 1,000 square feet, and is 2 br/ 1 ba one of rental apts is a large mother in law style unit with full kitchen fenced in pool surrounds the tiki bar, which offers full liquor service, enclosed kitchen area for food prep, and for the first time will now be open throughout the year tremendous gathering spot for the many tourists in town for various activities in chimney rock & lake lure playground, hammocks, volleyball, horseshoes, fishing, etc in backyard

Facilities: 2,77 Acres of property directly along the Rocky Broad River, with 35 motel units, luxury owners apartment, pool, tiki bar & grill

Competition: Tremendous location in popular Lake Lure, and the first liquor license outside the tiny yet vibrant downtown Chimney Rock

Support/Training: Negotiable

Reason Selling: moving to Florida

Business For Sale By

Pat Calhoon

727-542-0998

Calhoon Real Estate

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