This offering includes the Carriage Inn 25-RM motel. There are 27 units and 2 apartment units for an owner occupant/manager, or rental units. This property also includes a 4896 SF “leased” full-service restaurant bringing in a steady annual income. The motel has a steady amount of business maintaining an average 70% occupancy.
The owner is located too far away from this motel and is no longer interested in running it.
This offering include:
• 1.44-acres
• 25-Unit, 2-Story Motel 12,016SF (24 Rental Units Plus 1 Apartment)
• Built/Renovated: 1961/2020
• Roof: 2 Years Old – New Plumbing
• Restaurant (4896 SF) Built/Renovated: 1961/1991
• In-Ground Pool
• Parking: 50+/-
• AADT: 20,313
• Average Annual Occupancy: 70%
• Current Gross Revenue: $273,783 (Room Rental)
• Restaurant Lease: $25,680/an (Year-to-Year Lease)
• Total Gross Revenue: $299,463 (2023)
• Current NOI: $143,572 (2023)