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    6401 Maccorkle Ave Charleston, WV 25306

    Sponsored
    For Sale
    $3,250,000

    77-Key Motel, High Cap Rate, Strong NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 77-key Knights Inn motel in Charleston, West Virginia, situated at 6401 MacCorkle Ave SE, 25306. The property, built in 1981, consists of three single-story buildings and boasts a compelling 12.06% capitalization rate, generating a net operating income (NOI) of $391,891 with a current occupancy rate of 54.15%. Offered at $3,250,000, this represents a price per key of $42,207.79. The property's prime location offers easy access to Charleston's downtown area and major interstates, making it highly attractive to travelers. Its size and operational model are ideally suited for owner-operators, minimizing management complexities. The asking price reflects a significant discount to replacement cost, further enhancing its investment appeal. Furthermore, the property is considered a strong candidate for Small Business Administration (SBA) financing, simplifying the acquisition process. Limited renovation costs are anticipated, allowing for a swift return on investment. This is a rare chance to acquire a well-positioned, established motel with significant upside potential. The property is privately owned.

    Property Features for 6401 Maccorkle Ave

    General Information

    Property type
    Motels

    Building Details

    Year Built
    1981
    Buildings
    3
    Stories
    1

    HighLights

    • Excellent location near Charleston's downtown and major interstates.
    • SBA financing candidate.
    • Ideal size and operating model for owner‑operators.
    • Offered at a significant discount to replacement cost.
    • Limited renovation costs expected.
    Property Profile Location Intelligence

    Current Use by Public Records

    Knights Inn Charleston Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.5637134
    Latitude
    38.3044608

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    FAQs

    What type of property is this?
    Motel - 77-Key Motel, High Cap Rate, Strong NOI
    Where is this motel located?
    The property is located at 6401 Maccorkle Ave Charleston, WV.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Excellent location near Charleston's downtown and major interstates.; SBA financing candidate.; Ideal size and operating model for owner-operators.
    Request Owner's contact information
    6401 Maccorkle Ave Charleston, WV 25306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6401 Maccorkle Ave Charleston, WV 25306
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