290 N Main St - Hospitality FOR SALE


Robbinsville, NC 28771
$840,000 USD
954-608-9441
290 N Main St, Robbinsville, NC for Sale
$840,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

290 N Main St
Robbinsville, NC 28771


OVERVIEW

Prime Investment Opportunity: Historic Motel in Robbinsville, NC. Own a charming 21-25 room historic motel in the heart of Robbinsville, a bustling tourist destination in western North Carolina. The owner, over 70, is ready to retire, offering a turnkey business with a loyal customer base and growing demand. Key Features: Location: Just 1 mile from Lake Santeetlah and near iconic roads like the Tail of the Dragon and Cherohala Skyway, drawing motorcyclists, car enthusiasts, hikers, and rafters. Close to Joyce Kilmer Memorial Forest, Great Smoky Mountains, and Nantahala Gorge. Property: Built in the 1940s, this state-designated historic motel offers 21 rooms (various configurations, $90-$150/night) plus 2 apartments. Includes a 5-bedroom, 4-bath owner’s home, which can be reconfigured for 3-4 additional guest rooms. Features cozy courtyards with 3 fire pits. Optional Add-On: Six adjacent vacation rental homes (4 cottages at $200/night, 2 duplexes at $300+/night) in excellent condition, available for $860,000. Motel Price: $840,000 (cottages optional). Business Outlook: Consistent weekend sell-outs during high season, fueled by 60% drive-tourism. A 2025 economic boost from a new factory employing 200-500 people in a rental-scarce town enhances investment potential. Why Invest? This historic motel, with its prime location and established reputation, is ideal for an owner-operator or investor looking to capitalize on Robbinsville’s thriving tourism and growing rental demand.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$90 USD /SF

# OF ROOMS

21

PRICE/ROOM

$40,000 {currency}

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 RalphNantahala Real Estate CompanyMore Info
954-608-9441

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Allison RalphNantahala Real Estate CompanyMore Info
954-608-9441

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