404-978-2347
14629 Rainbarrel Road, Charlotte, NC for Sale
Hospitality - FOR SALE
1/9
null | Request Cap Rate

14629 Rainbarrel Road
Charlotte, NC 28278
Steele Creek


HIGHLIGHTS

  • Strategically located on Lake Wylie, Long Cove offers direct access just 23 minutes from Uptown Charlotte.
  • Long Cove features 35 rental cabins, a private beach, several event venues, as well as a marina with 112 wet slips.
  • Recent and in process CAPEX improvements including the planned renovation of a swimming pool and jacuzzi will benefit the next owner.
  • Significant growth in revenue and NOI projected due to completion of a resort-style pool & jacuzzi, a 484 SF meeting room to drive weekday occupancy
  • For TTM ending June 30, 2025, Long Cove generated $617,000 in NOI on $1,458,000 in Gross Revenue.
  • Projected stabilized (Year 3) NOI is estimated to be $1,369,000 on $2,590,000 in gross revenue.

OVERVIEW

The Colliers Leisure Property Advisors team is pleased to exclusively offer for purchase Long Cove Resort & Marina (“Long Cove”), the only cabin resort on popular Lake Wylie. Long Cove is only 23 minutes from Uptown Charlotte making it a very convenient getaway. Approximately, 2.3 million people live within a 30-mile radius providing a deep customer base from which to draw. Long Cove encompasses 14.33 acres of uplands owned fee simple and 3.20 of submerged lands leased from Duke Power providing approximately 3,000 linear feet of lake frontage. The site has been improved with 35 park model homes for short-term vacation rental, a 112-slip marina, and a private beach.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

33

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Cove Resort and Marina

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1978

PARKING SPACES

36

LAND DETAILS

LAND ACRES

14.39 AC

LAND SF

626,858 SF

ZONING

N1

APN/PARCEL ID

199-342-02

ASK ABOUT THIS PROPERTY

Andrew CantorColliersMore Info
404-978-2347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew CantorColliersMore Info
404-978-2347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.