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31500316
32036444

407 National Highway, Thomasville, NC 27360

ARC Real Estate LLC
Listed by ARC Real Estate LLC
Unpriced
68 days on market
Updated 12 days ago
Under Contract Opportunity zone

THOMASVILLE INN

Details
Property Type Business for Sale, Multifamily (+1)
Sub Type Motel, Business and Building
Square Footage 43,332
Units 53
Occupancy 75%
Lease Type NNN
Class B
Acreage 2.590
Zoning C2
Investment Type Stabilized
Ground Lease No
Ownership 100
Sale Condition N/A

43,332 SqFt

Marketing description

Investment Opportunity for an Investor. The 50 Unit Hotel is currently operated on a weekly basis at seventy five percent occupancy. This investment comes with 2 Hotel Buildings and a Commercial Retail Building. The Commercial Building has 3 rented out units, with one of the units being a Restaurant. Enjoy a current 16% Cap Rate with a Pro Forma rate of 25% with a great vision and Business Plan. email [email protected] for questions VIRTUAL TOUR

SELLER FINANCING AVAILABLE

Investment highlights

There is another .50 Acres that is suitable for building or could be used as a common area. Each Unit is making $1250 monthly and the tenants pay weekly. The property has long term tenants in place, and they are currently at 75% occupancy. VIRTUAL TOUR Email [email protected]

To get Financials and other documentation visit our website at www.arcrealestatellc.com

"SELLER FINANCING AVAILABLE"

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Listing Contacts

ARC Real Estate LLC
Listed by ARC Real Estate LLC

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Additional Information

Name
Andre Robert Cobbs
License
306940
Brokerage
ARC REAL ESTATE LLC
Brokerage Phone
3362106291
Title
BROKER IN-CHARGE
Brokerage Address
4800 Express Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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