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    Property profile & analytics
    OFF-MARKET Estimated value $4,230,000
    Turn key restaurants

    2400 Sterling St Sts, Morganton, NC 28655-9467

    12,320 SF 5.34 ac lot Built 1968
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-3853982
    Property summary
    AI-generated overview

    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
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1968
    Construction WOOD FRAME
    Total area 12,320 SF
    Lot 5.34 ac (232,610 SF)
    Zoning code HIGH INTENSITY DIST
    APN 31896
    UPID US53-3853982
    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
    Current use
    Occupant on record · Public records
    • Quality Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.20M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.23M
    Owner & transaction history
    Hospitality Legends LLC · 3 yrs held
    Hospitality Legends LLC
    since 2023
    Last sale
    $4.3M
    5 recorded transactions
    2023
    $4.3M
    2020
    2016
    $2.1M
    1969
    1969
    Zoning & alternative use
    HIGH INTENSITY DIST · Morganton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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