This Hotel & Motel Property is Off-Market.

1235 E Main St
Sylva, NC 28779 ·

77 Rooms · Hotel & Motel For Sale

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Sylva Hotel

Price N/A Property Use Type Vacant/Owner-User
No. Rooms 77 Distressed Yes
Building Size 53,500 SF Commission Split 5%
Property Type Hotel & Motel Lot Size 2.88 SF
Property Sub-type Economy/Limited Service
Listing ID: 16618123 Date Created: 03/22/2010 Last Updated: 03/24/2010

Description

APRIL 26 - 5 PM DEADLINE FOR OFFERS
SOLD AS-IS WHERE IS, NO WARRANTIES EXPRESSED OR IMPLIED
NO FINANCING AVAILABLE FROM OWNER
FORECLOSED FOR $5,300,000
or

77-room, 80% complete hotel, not under flag, full-service or limited service.
4 story hotel situated on 2.88 acres in City Limits of Sylva across from Super Wal-mart, Shopping Center, Ryans Steakhouse, and Sonic at traffic light.
Top 3 floors drywalled in
First floor framed in

Located in Sylva, North Carolina, in the Heart of the Great Smoky Mountains, opportunities are numerous and diverse between medical, education, recreation, gaming, and annual festivals.
Medical Services are handled by WestCare Health System, a growing, well-respected, non-profit health care provider. Currently the Hospital is constructing a 60,000 sq ft medical office complex and by year end starting a $60 million expansion of the ER. The 21 acre development across from the hospital, The Villages, will also house a new bank, restaurants and medical office this year.
Two accredited schools are located 2 miles from the site, Western Carolina University and Southwestern Community College. The new Millennium Campus at WCU is the latest project under way of $100 million and expanding the college from 9,000 students to 15,000 students. Southwestern was rated number four in the list of America' s best community colleges, in Washington Monthly, partly due to the nation' s most advanced rural fiber-optic network serving public, private enterprises as well as educational institutions.

Research

1235 E Main St, Sylva, NC 28779 (Jackson County)

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