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35-Unit Motel with Tiki Bar
For Sale
Contact for pricing
Pending

3147 Memorial Highway, Lake Lure, NC 28746

Operational hospitality property with owner quarters, a manager apartment, recreation amenities, and a riverfront bar and grill.

Property SizeContact for details
Days on Market144

Property Features for 3147 Memorial Highway

General Information

Standard status Pending
Property subtype Hospitality

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes
Liquor License Yes

Amenities

swimming pool
volleyball
picnic areas
fire pits
multiple decks

Building Details

Abandoned No
Listing Agency: Coldwell Banker Commercial King
Listed By: Jeffery Soto · License #NC
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 4:57AM

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 Coldwell Banker Commercial King

Investment Insights

Based on property information with market context.

This hospitality property includes a 35-unit motel, a Tiki bar and grill, and a two-story owner's residence with two bedrooms and multiple decks. A separate manager's apartment supports on-site operations. Motel room furnishings have been recently updated, and the property includes a full liquor license.

Outdoor improvements include a swimming pool, volleyball area, picnic spaces, fire pits, and additional recreation facilities. The Tiki bar and grill fronts the river, while the property offers approximately 800 feet of combined road and river frontage. It is situated between Bat Cave and Lake Lure along Highway 64.

Key Highlights

  • 35‑unit roadside motel with Tiki bar and grill
  • Approximately 800 feet of road and river frontage
  • Two‑story, two‑bedroom owner's quarters with multiple decks

Property Analytics

Current Use

Geneva Riverside Lodging ... Hotel & Motel

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Parking Lot & Garage Florist Hair Salon Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

164
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28746, NC

2,726
Population
3,310
Households
0.8
Avg Household Size
60
Median Age
46%
College-Educated
96%
High-School Grad
44.9 sq mi
ZIP Area
61
Density / Sq Mi
$65,703
Median Household Income
$36,161
Median Earnings
$983
Median Rent
$433,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Sleep Inn And Suites Geneva North 126 Main St, Lake Lure, NC 28746
  • The Chimney Rock Inn & Cottages 126 Main St, Chimney Rock, NC 28720
  • Full Bloom at Lake Lure 114 Sea Wish Way, Lake Lure, NC 28746
  • Barn at Fox Hollow Chimney Rock, NC 28720
  • The Carter Lodge 273 Main St, Chimney Rock, NC 28720

Frequently Asked Questions

What type of property is this?
Motel - Operational hospitality property with owner quarters, a manager apartment, recreation amenities, and a riverfront bar and grill.
Where is this motel located?
The property is located at 3147 Memorial Highway Lake Lure, NC.
What are key features of this property?
This property features: 35‑unit roadside motel with Tiki bar and grill; Approximately 800 feet of road and river frontage; Two‑story, two‑bedroom owner's quarters with multiple decks
More about this property
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