241 Us-64Plymouth, NC 27962

This exceptional 20-unit motel presents a lucrative investment opportunity in Plymouth, North Carolina. Boasting a prime location at 241 US-64, this established property offers significant potential for growth. The 9,115 square foot facility sits on a spacious 4.094-acre lot and includes two single-story buildings. Built in 1965 and extensively renovated in 2019, the motel features a new roof, hot water tanks, and updated infrastructure including fiber optic internet access. Guest amenities include Direct TV and new digital TVs in each of the 20 keys (7 single and 13 double occupancy rooms). Recent upgrades also encompass new flooring, beds, and appliances, along with newer washers and dryers. The property currently enjoys a 70% occupancy rate, demonstrating strong demand. Ample parking is available with 30 spaces, and the parking lot has recently been repaved. The asking price is $695,000, translating to $76.25 per square foot and $34,750 per key. This stabilized investment is offered for sale by owner and is subject to financing. This turnkey operation is ready for a new owner to step in and continue its success. The property's location in Washington County, North Carolina, zip code 27962, offers easy access to local attractions and amenities.