Services - Hotels & Other Lodging | Services - Amusement & Recreation

Asking Price	$1,400,000	Inventory
Gross Income	Not Disclosed	Real Estate	$1,400,000*
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

This location is a "Sleeper". Current Owner Says,"SELL IT", I'm ready to pass the "Torch", to an Investor, Entrepreneur, Owner Operator, or Property Management Investment Group. Land, Building and BUSINESS, being solded for: APPRAISED VALUE OF PROPERTY ONLY. This property is a wise investment with excellent upside potential. Very popular beach town, "OAK ISLAND", that is growing leaps and bounds. Lots of BIG things going on within the area, and large development projects approved for the future. Construction of 2nd Bridge , to the Island has just begun. Values are going to rise again very soon!! This is a property for someone with vision and good sound insight, for expansion and growth. You are going to love the location and potential!! Qualified Buyers Only Need Apply. Financial Statement Required. SPA LOAN AVAILABLE!! 10% Down 25 Year Terms!!

Facilities: Clean Motel with 17 Rooms, 2 Two Bedroom Apartments Located On 11 Lots. 200 Foot Road Frontage X 117 Feet Deep. Land,Building and Business Being Sold For Appraised Value!!

Competition: There is a couple of other Motels within the area, however the demand for this type of lodging exceeds supply, especially during the tourist season.

Growth/Expansion: Addtional rooms could be built on the property. A website and marketing, to tourists, would also increase occupancy rate. Current owner does no marketing.

Financing: SBA loan available to qualified buyer with 10% down!!

Support/Training: Seller Will Provide Thorough Training, To Insure Smooth Transition For New Owner.

Reason Selling: Retirement