Rodeway Inn


Price:
$1,250,000

Address :
1320 E Main St
Franklin, NC 28734


  •  Ideal starter property for a first-time owner/operator
  •  Solid history of revenue and occupancy production
  •  2-bedroom manager’s apartment on-site
  •  Huge upside potential for hands-on management
  •  Priced well below replacement cost at $33,784/unit
    View Map    View Aerial
  •  Located at the intersection US 23, a major North-South transient corridor through the area, and E. Main Street (US 441 Business)
  •  Centrally located to both hospitals currently located in Franklin, as well as within ½ mile to the site of a new proposed hospital
  •  Franklin lies at the confluence of multiple major highways through the area; U.S. Routes 23, 64, and 441 and NC 28
  •  Close to Regional Demand Generators:
    •  1.4 Miles to Gem & Mineral Museum
    •  4.3 Miles to Smoky Mountain Center for the Performing Arts
    •  29 Miles to Harrah’s Cherokee Casino
    •  120 miles north of Atlanta
  •  Half Concrete & Wood Frame Structures
  •  Exterior Corridors
  •  Stucco and EIFS Facade
  •  Pitched, Asphalt Shingle Roof (New in 2015)
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room (Seats 10)
  •  Business Center
  •  Wireless Internet
  •  2 Bedroom, 2 Bathroom Manager’s Apartment
  •  3.88 Acres
  •  Built 1950
  •  Opened as Rodeway Inn 2017
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
T-12Mos 10/18
Occupancy
47.10%
52.58%
52.95%
Average Daily Rate
$52.51
$51.63
50.56
Room Revenue
$334,922
$366,620
$361,518
Net Operating Income
$122,705
$106,853
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!