Hotel & Motel Property For Sale - Pinecrest Motel

230 Eisenhower Drive, Beckley, WV, 25801

 
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Pinecrest Motel

 

230 Eisenhower Drive

Beckley, West Virginia 25801
County: Raleigh
 
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  For Sale Active  
Property Use Type:Business For Sale
Type:Hotel & Motel
Economy/Limited Service
No. Rooms:22
Building Size:10,000 SF
Price:$485,000
Price/Room:$22,045
Date Last Verified:1/4/2009
Property ID:15814702
 
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 Additional Information 

Property Description:
Tremendous investment opportunity!

Pinecrest Motel. Beckley, West Virginia
22 room motel less then 2 miles from a major interstate. Located on a busy major street. This once in a lifetime investment also includes:

" 4-bed / 2-bath owners home or rental unit.
" 3 car garage
" 3-bed / 1-bath rental apartment
" Retail rental unit. (currently occupied with lease)
" Working coin Laundromat.
This is a perfect investment that is loaded with additional income sources. This family run business for over 50 years is right for a group of investors or a couple looking to get out of the corporate jungle and take back their lives.

Owner is retiring. Owner has been running the motel on a part time basis. The revenue posted reflects the fact that the business is closed at least two day / week. There is a great potential if ran 24/7.

Location Description:
On route 19, 5 miles off of I-64

Commission Split:2.5%
This business for sale includes the real estate it occupies
7/22/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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