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    Mixed-use properties

    1783 Horse Creek Rd, Spurlockville, WV 25565

    2,520 SF 0.67 ac lot
    Property ID
    Property summary
    AI-generated overview

    This fully renovated, income-generating motel in Spurlockville, West Virginia, presents a unique investment opportunity. Situated on a 0.67-acre lot at 1783 Horse Creek Rd, this 2,520 square foot property boasts two fully furnished, turnkey units ideal for short-term rentals. Previously a restaurant, the property now offers six bedrooms and two full bathrooms, comfortably sleeping nineteen guests. Currently renting for $327 per night, the motel benefits from its proximity to the Ivy Branch Trailhead of the Hatfield McCoy Trails, attracting ATV enthusiasts and outdoor adventurers. Amenities include full kitchens with appliances, washers, and dryers in each unit, and a shared 920 square foot covered patio. Further income potential exists via a 50-amp plug suitable for food trucks or camper hookups. The property's location is also advantageous, being just ten minutes from Water Ways Water Park and twenty minutes from major shopping centers. The asking price is $450,000. This property is perfectly positioned to capitalize on the growing tourism market in the area and offers a strong return on investment. The rustic cabin-style interior provides a warm and inviting atmosphere for guests. This is a rare opportunity to acquire a profitable, established hospitality business in a desirable location.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 2,520 SF
    Lot 0.67 ac (29,185 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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