14629 Rainbarrel Road - Hospitality FOR SALE
Charlotte, NC 28278 |
14629 Rainbarrel Road
Charlotte, NC 28278
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.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Long Cove Resort and Marina
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
5558
STORIES
1
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1978
PARKING SPACES
36
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
N1
APN/PARCEL ID
199-342-02
