706 N Highway 64
Manteo, NC 27954
The Island Guesthouse and Motel · Hospitality Property For Sale · 5,927 SF

Welcome to The Island Guesthouse and Motel in historic Manteo on Roanoke Island, NC. The current owners have created an easy-going business model with clean and friendly accommodations. Check out the reviews on Trip Advisor and Google. This is the perfect opportunity for owner-operators and investors alike to own a turn key, successful, revenue-generating lodging property on the world-famous and oh-so-popular Outer Banks. The hard work is done. The current owners have significantly improved every metric of this year-around business: sales revenue, occupancy, ADR, and online reputation. Excellent online reputation & systems are in place. Fantastic net income. 10 CAP +/- after current owner compensation and CAP EX is extracted. Upstairs manager's loft for onsite employee. Well-trained staff in place. Extensive remodel, renovations, maintenance and updates have taken place over the past four years. There is NO deferred maintenance. A detailed list is attached to this listing. The owners (one of whom is a licensed NC Realtor)are ready to ease into retirement but will to train the new proprietors for a successful transition. For access to any financial reporting, proof of funds (no exceptions) and a signed NDA are required.