For Sale
$2,550,000

2848 Bragg BlvdFayetteville, NC 28303

63-Key Motel, High Potential, Fayetteville, NC

Overview

Added:
Dec 11, 2024
Days on market:
114
This 63-key motel in Fayetteville, North Carolina presents a compelling investment opportunity. The property, situated at 2848 Bragg Blvd, boasts 27,728 square feet across three, two-story buildings, built in 1963 and renovated in 2022. It includes 63 parking spaces. Currently operating with staff only, the motel offers significant upside potential for an owner-operator. The absence of a third-shift desk represents a clear opportunity to increase revenue. An owner-operator could enhance profitability by overseeing daily operations and implementing improvements. The asking price is $2,550,000. This is an excellent opportunity for an owner-operator or investor seeking a hands-on approach or someone with management in place. The property is currently operating under the Knights Inn brand, but there's potential to switch to another brand. Please schedule an appointment before visiting to avoid disturbing staff and motel operations.

Highlights

  • Owner-operator or investor opportunity; on-site management recommended.
  • High-demand location with strong rental potential.
  • Significant upside potential through operational improvements.
  • Attractive return on investment.
  • Solid cash flow.

Property Details for 2848 Bragg Blvd

Property type
Hospitality properties, Motels
Square Feet
27,728 SF
Year Built/Renovated
1963/2022
Buildings
3
Stories
2

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0745674
Longitude
-78.9271864
2848 Bragg Blvd, Fayetteville, North Carolina

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2848 Bragg Blvd
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