940 W Main St - Hospitality FOR SALE


Sylva, NC 28779
$1,599,900 USD
714-353-8917
940 W Main St, Sylva, NC for Sale
$1,599,900 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

940 W Main St
Sylva, NC 28779


OVERVIEW

Investment Opportunity – Economy Inn | Sylva, NC Welcome to the Economy Inn, a well-positioned hospitality property located at 940 West Main Street in Sylva, North Carolina. This income-producing motel offers an excellent opportunity for investors seeking a stable hospitality asset in a growing mountain town known for tourism, outdoor recreation, and close proximity to Western Carolina University. The property features 22 guest rooms, ample on-site parking, and convenient access along West Main Street/Highway 23. Guests enjoy easy access to popular destinations including the Great Smoky Mountains National Park, Blue Ridge Parkway, Harrah’s Cherokee Casino, and the charming downtown Sylva district. With strong demand from both leisure and extended-stay travelers, the Economy Inn presents reliable cash flow with potential for value-add improvements through property upgrades and repositioning. Highlights: *Prime location in Sylva, NC near downtown, Western Carolina University, and regional attractions *Income-generating hospitality property with upside potential *Convenient access to highways and major tourist destinations *Established customer base with opportunity for growth through renovations and management enhancements *Recently upgraded: Floors, Curtains, Furniture, Electrical, and Plumbing. This is a rare chance to acquire a well-located motel property in Western North Carolina’s vibrant hospitality market. Its 22 Keys + 2 Bd Room Apt

FOR SALE DETAILS

PRICE

$1,599,900 USD

PRICE/SF

$145 USD /SF

# OF ROOMS

22

PRICE/ROOM

$72,723 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn Sylva

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

B2

APN/PARCEL ID

7631-98-8006

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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