2400 Sterling St Sts Morganton, NC 28655-9467
- Turn key restaurants
- 12,320 SF
- 5.34 lot acres
Jan 26, 2023
Current Use by Public Records
- Quality Inn / Hotel
Property Details for 2400 Sterling St Sts
- Year built
- 1968
- Construction
- WOOD FRAME
- Lot size
- 5.34 lot acres
- Property size
- 12,320 SF
- Zone code
- HIGH INTENSITY DIST
- Property type
- Turn key restaurants
- APN
- 31896
- APU
- 31896
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,080,000
- ML approach
- $4,195,000
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Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.6542
- Latitude
- 35.7201
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
