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14629 Rainbarrel Road
Charlotte, NC 28278
Long Cove Resort and Marina · Hospitality Property For Sale
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5,558 SF
Investment Highlights
- Strategically located on Lake Wylie, Long Cove offers direct access just 23 minutes from Uptown Charlotte.
- Recent and in process CAPEX improvements including the planned renovation of a swimming pool and jacuzzi will benefit the next owner.
- For TTM ending June 30, 2025, Long Cove generated $617,000 in NOI on $1,458,000 in Gross Revenue.
- Long Cove features 35 rental cabins, a private beach, several event venues, as well as a marina with 112 wet slips.
- Significant growth in revenue and NOI projected due to completion of a resort-style pool & jacuzzi, a 484 SF meeting room to drive weekday occupancy
- Projected stabilized (Year 3) NOI is estimated to be $1,369,000 on $2,590,000 in gross revenue.
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1978/2020 |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 14.39 AC | Corridor | Exterior |
| Building Size | 5,558 SF | ||
| Zoning | N1 - Permits single-family, duplex, and triplex dwellings, among other uses | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 14.39 AC |
| Building Size | 5,558 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2020 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Exterior |
| Zoning | N1 - Permits single-family, duplex, and triplex dwellings, among other uses |
Amenities
- Pool
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Property Taxes
| Parcel Number | 199-342-02 | Improvements Assessment | $599,000 |
| Land Assessment | $4,397,600 | Total Assessment | $4,996,600 |
Property Taxes
Parcel Number
199-342-02
Land Assessment
$4,397,600
Improvements Assessment
$599,000
Total Assessment
$4,996,600
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