954-608-9441
290 N Main St, Robbinsville, NC for Sale
Hospitality - FOR SALE
1/33
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290 N Main St
Robbinsville, NC 28771


OVERVIEW

Prime Opportunity to Own a 23-Room Motel with 6 Duplex Cottages in Western North Carolina. Situated in the remote western edge of North Carolina, this distinctive 23-room motel, complemented by 6 separate cottages converted into duplexes, offers a remarkable investment opportunity. Built in the 1940s and thoughtfully remodeled over the years, the property exudes a warm, homey charm that has fostered a dedicated base of repeat customers. Renowned for its inviting atmosphere, this motel is a favored stop for vacationers, especially motorcyclists and outdoor enthusiasts drawn to iconic routes like the Tail of the Dragon and Cherahala Skyway, which bring consistent traffic year after year. The recent sale of a large industrial property in Robbinsville, set to employ over 300 people, has generated significant buzz in the region. This economic surge makes now an ideal time to invest in one of the few motels in Graham County, Western North Carolina, capitalizing on growing interest and strong vacation traffic. The motel’s prime location and established reputation make it a standout choice for an owner-operator or investor looking to tap into the area’s thriving tourism market. The property features charming courtyards with fire pits, creating popular gathering spots for guests to relax and connect, a highlight for visitors. The 6 cottages, fully renovated about 7 years ago, are in excellent condition and offer additional income potential as duplex rentals. For flexibility, the motel can be purchased without the cottages, or the cottages can be purchased without the motel. The owner’s living quarters are a key asset, offering spacious accommodations. The main floor includes 2 bedrooms, 2 bathrooms, an office, a laundry room, a living room, and a dining room, ideal for an owner-operator. Upstairs, 4 additional bedrooms and 2 bathrooms provide the potential for further rental income, enhancing the property’s versatility. With its rich history, recent upgrades, and strategic location in a region poised for growth, this motel is a rare opportunity. Whether you aim to run a flourishing hospitality business or invest in a property with strong revenue potential, this gem in Western North Carolina is ready to deliver.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

21

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phillips Historic Motel & Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,766 SF

ZONING

commerical

APN/PARCEL ID

5660-07-04-0005,5660-07-05-0002,5660-12-04-5511-3-0

ASK ABOUT THIS PROPERTY

Allison RalphOld Town BrokersMore Info
954-608-9441

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Allison RalphOld Town BrokersMore Info
954-608-9441

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