Property summary
This exceptional investment opportunity presents the Quality Inn Morganton, a 133-key hotel ideally situated at 2400 S Sterling St, Morganton, North Carolina, 28655, in Burke County. Built in 1968, this established property sits on a generous 5.34-acre lot, offering significant potential for expansion or redevelopment. The asking price for this turnkey hospitality asset is $4,675,000. The hotel's established presence in Morganton provides a strong foundation for continued success and profitability. Detailed financial information and operational data are available upon request. This property represents a compelling investment opportunity for experienced hospitality investors seeking a well-located, established hotel in a growing market. The substantial lot size provides ample room for future development or expansion, enhancing the long-term value proposition. This is a rare chance to acquire a significant hotel asset in a desirable North Carolina location. Further information can be obtained through the provided contact information. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
HIGH INTENSITY DIST · Morganton, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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