Deluxe Inn Hickory
Income Generating Motel on Priceless Land
Marketing description
This income-producing motel is strategically located on 325 U.S HWY 70 SW Hickory. Easy access to Interstate 40 and U.S. Highway 321makes this 2.3-acre lot more enticing.
Some of the units in this double-story motel have undergone full modern renovations, including interior room painting, updated lighting, and remodeled bathrooms. These upgrades not only make the property more attractive to renters but also add significant value to it. 1-bedroom unit would rent for $1250/month and 2-bedrooms unit would go for $1550/month.
Its C-3 zoning allows for additional development and the possibilities are endless. Its prime location and zoning offer an excellent opportunity for investors and developers to create something larger and more impactful.
Seller is interested in offering seller financing.
Investment highlights
- Some of the units have been fully renovated, including interior room painting, updated lighting, and remodeled bathrooms. These upgrades enhance the property’s appeal to renters and increase its value.
- Upgrading the on-site guest laundry machines could generate additional revenue.
- A small convenience store, parking rentals, and storage rooms serve as additional revenue streams.
- Its prime location and C-3 zoning present an outstanding opportunity for investors and developers to expand and create something even more impactful.
- Rental demand for the property is strong due to its proximity to major businesses and recreational amenities
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