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Hotel-Motel

Cape Hatteras Motel

46567 NC-12, Buxton, NC 27959

Listing Price: $6,500,000

Cap Rate
6.18%
Number of Rooms
33
RevPAR
$108
Gross SF
27,735
Price/Room
$196,970
Price/Gross SF
$234.36
Year Built
1974

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 33-unit, Cape Hatteras Motel, located in Buxton, North Carolina. The well-appointed property is situated directly on the beaches of Hatteras Island, featuring private beach access. The property features two parcels of land, one on the sound side of N.C. 12 and the other on the ocean front directly across from the other parcel. Amenities at the hotel include a seasonal outdoor pool and hot tub, lending book library, grilling facilities, outdoor seating area, guest-laundry facilities, and free on-site parking. The hotel offers a variety of guest room options including suite, townhouse, ef?ciencies and rooms. Each guest room type provides different amenities such as a full kitchen, double bathrooms, separate living, and dining rooms. All guest rooms come equipped with free wi-?, ?at screen TV, microwave, minifridge, in-room coffee & tea maker, and a shared balcony. The Cape Hatteras Motel is located along North Carolina Highway-12 affording high visibility and accessibility for the property. Local area attractions include the Cape Hatteras Light House, Pea Island Art Gallery, Hatteras Island Horseback Riding, and the North Carolina Ferry. Cape Hatteras, is apart of the coastal barrier islands of North Carolina, more commonly known as the Outer Banks. The area accommodated more than 3 million visitors in 2021, which was highest record of visitors since 2002. Tourism is the number one industry for Cape Hatteras as well as the whole Outer Banks Region.

Investment Highlights

  • Fee simple interest in the 33-unit, Cape Hatteras Motel, located in Buxton, North Carolina
  • Situated on Hatters Island with private beach front access | Proximity to all coastal attractions and demand generators
  • Minimal PIP expected for new owner
  • Located along North Carolina Highway-12 | High visibility & accessibility

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Cape Hatteras Motel

Listing Price: $6,500,000

Cap Rate
6.18%
Number of Rooms
33
RevPAR
$108
Gross SF
27,735
Price/Room
$196,970
Price/Gross SF
$234.36
Year Built
1974

Investment Highlights

  • Fee simple interest in the 33-unit, Cape Hatteras Motel, located in Buxton, North Carolina
  • Situated on Hatters Island with private beach front access | Proximity to all coastal attractions and demand generators
  • Minimal PIP expected for new owner
  • Located along North Carolina Highway-12 | High visibility & accessibility

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 33-unit, Cape Hatteras Motel, located in Buxton, North Carolina. The well-appointed property is situated directly on the beaches of Hatteras Island, featuring private beach access. The property features two parcels of land, one on the sound side of N.C. 12 and the other on the ocean front directly across from the other parcel. Amenities at the hotel include a seasonal outdoor pool and hot tub, lending book library, grilling facilities, outdoor seating area, guest-laundry facilities, and free on-site parking. The hotel offers a variety of guest room options including suite, townhouse, ef?ciencies and rooms. Each guest room type provides different amenities such as a full kitchen, double bathrooms, separate living, and dining rooms. All guest rooms come equipped with free wi-?, ?at screen TV, microwave, minifridge, in-room coffee & tea maker, and a shared balcony. The Cape Hatteras Motel is located along North Carolina Highway-12 affording high visibility and accessibility for the property. Local area attractions include the Cape Hatteras Light House, Pea Island Art Gallery, Hatteras Island Horseback Riding, and the North Carolina Ferry. Cape Hatteras, is apart of the coastal barrier islands of North Carolina, more commonly known as the Outer Banks. The area accommodated more than 3 million visitors in 2021, which was highest record of visitors since 2002. Tourism is the number one industry for Cape Hatteras as well as the whole Outer Banks Region.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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