Log In/Sign Up
Your email has been sent.
Economy Inn Sylva 940 W Main St 22 Room Hotel Sylva, NC 28779 $1,599,900 ($72,723/Room)
EXECUTIVE SUMMARY
Investment Opportunity – Economy Inn | Sylva, NC
Welcome to the Economy Inn, a well-positioned hospitality property located at 940 West Main Street in Sylva, North Carolina. This income-producing motel offers an excellent opportunity for investors seeking a stable hospitality asset in a growing mountain town known for tourism, outdoor recreation, and close proximity to Western Carolina University.
The property features 22 guest rooms, ample on-site parking, and convenient access along West Main Street/Highway 23. Guests enjoy easy access to popular destinations including the Great Smoky Mountains National Park, Blue Ridge Parkway, Harrah’s Cherokee Casino, and the charming downtown Sylva district.
With strong demand from both leisure and extended-stay travelers, the Economy Inn presents reliable cash flow with potential for value-add improvements through property upgrades and repositioning.
Highlights:
*Prime location in Sylva, NC near downtown, Western Carolina University, and regional attractions
*Income-generating hospitality property with upside potential
*Convenient access to highways and major tourist destinations
*Established customer base with opportunity for growth through renovations and management enhancements
*Recently upgraded: Floors, Curtains, Furniture, Electrical, and Plumbing.
This is a rare chance to acquire a well-located motel property in Western North Carolina’s vibrant hospitality market.
Its 22 Keys + 2 Bd Room Apt
Welcome to the Economy Inn, a well-positioned hospitality property located at 940 West Main Street in Sylva, North Carolina. This income-producing motel offers an excellent opportunity for investors seeking a stable hospitality asset in a growing mountain town known for tourism, outdoor recreation, and close proximity to Western Carolina University.
The property features 22 guest rooms, ample on-site parking, and convenient access along West Main Street/Highway 23. Guests enjoy easy access to popular destinations including the Great Smoky Mountains National Park, Blue Ridge Parkway, Harrah’s Cherokee Casino, and the charming downtown Sylva district.
With strong demand from both leisure and extended-stay travelers, the Economy Inn presents reliable cash flow with potential for value-add improvements through property upgrades and repositioning.
Highlights:
*Prime location in Sylva, NC near downtown, Western Carolina University, and regional attractions
*Income-generating hospitality property with upside potential
*Convenient access to highways and major tourist destinations
*Established customer base with opportunity for growth through renovations and management enhancements
*Recently upgraded: Floors, Curtains, Furniture, Electrical, and Plumbing.
This is a rare chance to acquire a well-located motel property in Western North Carolina’s vibrant hospitality market.
Its 22 Keys + 2 Bd Room Apt
PROPERTY FACTS
| Price | $1,599,900 | Building Size | 11,000 SF |
| Price Per Room | $72,723 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Parking Ratio | 2.64/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.10 AC | ||
| Zoning | B2 - Business | ||
| Price | $1,599,900 |
| Price Per Room | $72,723 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 11,000 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 2.64/1,000 SF |
| Corridor | Exterior |
| Zoning | B2 - Business |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 22 | $110.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 7631-98-8006 | Improvements Assessment | $627,706 |
| Land Assessment | $371,250 | Total Assessment | $998,956 |
PROPERTY TAXES
Parcel Number
7631-98-8006
Land Assessment
$371,250
Improvements Assessment
$627,706
Total Assessment
$998,956
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Economy Inn Sylva | 940 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.