Hotel-Motel
Quality Inn Morganton
2400 S Sterling St, Morganton, NC 28655
Listing Price: $4,675,000
Investment Overview
Marcus & Millichap is pleased to offer for a sale a fee simple interest in the 133-unit Quality Inn located in Morganton, North Carolina. Morganton, the county seat of Burke County is in the foothills of western North Carolina between Asheville and Charlotte. The subject property features common area amenities including a meeting/conference rom, business center, and outdoor seasonal swimming pool. Guest units are equipped with a private bathroom, flatscreen TV, free wi-fi, and a desk with chair. Given its location in the foothills of the Appalachian Mountains, tourism is a main driver of the local economy with its natural beauty attracting visitors year-round.
Quality Inn Morganton
Investment Highlights
- Fee simple interest in the 133- unit Quality Inn located in Morganton, North Carolina
- Morganton is the county seat of Burke County located in the foothills of western North Carolina
- The area has a thriving tourism industry due to the abundance of nearby natural lakes, rivers, forests, and state parks
- UNC Blue Ridge Health, .06 mile from the subject property, just completed $136 million investment towards a new, 6-story tower with an updated Emergency Department, Intensive Care Floor, and rooftop helipad almost doubling the size of the facility
- Lake James State Park, a 20 minute drive, attracted close to 700,000 visitors in 2021 popular for the pristine lake, hiking, biking, and horse trails, fishing, and more
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Listing Price: $4,675,000
Investment Highlights
- Fee simple interest in the 133- unit Quality Inn located in Morganton, North Carolina
- Morganton is the county seat of Burke County located in the foothills of western North Carolina
- The area has a thriving tourism industry due to the abundance of nearby natural lakes, rivers, forests, and state parks
- UNC Blue Ridge Health, .06 mile from the subject property, just completed $136 million investment towards a new, 6-story tower with an updated Emergency Department, Intensive Care Floor, and rooftop helipad almost doubling the size of the facility
- Lake James State Park, a 20 minute drive, attracted close to 700,000 visitors in 2021 popular for the pristine lake, hiking, biking, and horse trails, fishing, and more
Investment Overview
Marcus & Millichap is pleased to offer for a sale a fee simple interest in the 133-unit Quality Inn located in Morganton, North Carolina. Morganton, the county seat of Burke County is in the foothills of western North Carolina between Asheville and Charlotte. The subject property features common area amenities including a meeting/conference rom, business center, and outdoor seasonal swimming pool. Guest units are equipped with a private bathroom, flatscreen TV, free wi-fi, and a desk with chair. Given its location in the foothills of the Appalachian Mountains, tourism is a main driver of the local economy with its natural beauty attracting visitors year-round.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
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