Renovated Hotel For
For Sale
Contact for pricing
350 Venus Street, Monroe, NC 28112
Recently renovated hotel with all rooms in service and year-over-year revenue gains reported for early 2018.
Property SizeContact for details
Days on Market122
Property Features for 350 Venus Street
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Business Included
Yes
Listing Agency:
KW Commercial Ballantyne Area
Listed By:
Justin Francis · License #NC 290196
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 8:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Ballantyne Area
Investment Insights
Based on property information with market context.
This hotel has undergone major renovations in the past year and is now benefiting from those upgrades, with reported top-line revenue growth. January and February 2018 each show year-over-year increases of $30,000, and the upward revenue trend is expected to continue now that all rooms are in service.
For 2017, market occupancy rates were reported at 64%, compared to 43% achieved by the property during the renovation period. The lower occupancy was attributed to limited available rooms while renovations were underway.
The offering is presented for sale, with performance supported by the renovation timing and the stated shift to full room inventory in service.
For 2017, market occupancy rates were reported at 64%, compared to 43% achieved by the property during the renovation period. The lower occupancy was attributed to limited available rooms while renovations were underway.
The offering is presented for sale, with performance supported by the renovation timing and the stated shift to full room inventory in service.
Key Highlights
- Major renovations completed in the past year, with current operations benefiting from these updates
- January and February 2018 revenue up $30,000 year over year for each month
- All rooms are now in service, supporting an expected continuation of the upward revenue trend
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 28112, NC
27,126
Population
11,021
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
205
Density / Sq Mi
$74,853
Median Household Income
$42,046
Median Earnings
$1,124
Median Rent
$272,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Recently renovated hotel with all rooms in service and year-over-year revenue gains reported for early 2018.
Where is this hotel located?
The property is located at 350 Venus Street Monroe, NC.
What are key features of this property?
This property features: Major renovations completed in the past year, with current operations benefiting from these updates; January and February 2018 revenue up $30,000 year over year for each month; All rooms are now in service, supporting an expected continuation of the upward revenue trend
