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31476810
31476835

179 Lewis Ln, Maggie Valley, NC 28751 For Sale

MW
344905
$800,000
105 days on market
Updated 57 days ago

Motel/Multi-Family in Maggie Valley - Ready for Renovations

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building, Motel
Square Footage 6,142
Units 12
Price per SqFt $130
Year Built 1960
Buildings 1
Stories 1
Acreage 1.660
Zoning Res
Parking Spaces 20 spaces
Parking per 1,000 SqFt 3.26
Investment Type Value Add
Ownership Seller owned for at least one year

Hospitality

Marketing description

Investor Opportunity in Maggie Valley, NC! Unlock the potential of this unique investment property located in the heart of beautiful Maggie Valley. Formerly operated as a motel, this property features 11 units plus a spacious 2,259 sq ft owner’s quarters offering 3 bedrooms and 3 full baths—perfect for on-site management or additional rental income. The motel portion encompasses approximately 3,882 sq ft and is ready for a full renovation, making it an ideal project for investors looking to add value. Additional structures include a 630 sq ft detached garage/workshop and a 364 sq ft storage building, providing ample space for operations, storage, or future improvements. With city water and sewer already in place, the groundwork is set to bring your vision to life. Restore it as a boutique motel, convert to multi-family rentals, or explore other income-producing possibilities. Conveniently located near local restaurants, attractions, and just a short drive to Cherokee, NC and the Great Smoky Mountains National Park, this property offers strong appeal for both short-term and long-term rental strategies. Property is being sold as-is, where-is; Extensive renovations required; Court-ordered sale – all offers subject to court approval and upset bid period; No financials available. Do not disturb tenants. Don’t miss this chance to transform a well-located property into a profitable venture in one of Western North Carolina’s most visited destinations!

Investment highlights

Investor Opportunity in Maggie Valley, NC! Unlock the potential of this unique investment property located in the heart of beautiful Maggie Valley. Formerly operated as a motel, this property features 11 units plus a spacious 2,259 sq ft owner’s quarters offering 3 bedrooms and 3 full baths—perfect for on-site management or additional rental income. The motel portion encompasses approximately 3,882 sq ft and is ready for a full renovation, making it an ideal project for investors looking to add value. Additional structures include a 630 sq ft detached garage/workshop and a 364 sq ft storage building, providing ample space for operations, storage, or future improvements. With city water and sewer already in place, the groundwork is set to bring your vision to life. Restore it as a boutique motel, convert to multi-family rentals, or explore other income-producing possibilities. Conveniently located near local restaurants, attractions, and just a short drive to Cherokee, NC and the Great Smoky Mountains National Park, this property offers strong appeal for both short-term and long-term rental strategies. Property is being sold as-is, where-is; Extensive renovations required; Court-ordered sale – all offers subject to court approval and upset bid period; No financials available. Do not disturb tenants. Don’t miss this chance to transform a well-located property into a profitable venture in one of Western North Carolina’s most visited destinations!

Listing Contacts

MW
344905

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