The Monk Hotel


Price:
$1,550,000

Address :
215 North Church St.
Rocky Mount, NC 27804


  •  Architectural Plans Approved by City of Rocky Mount; Property Is Construction Ready as of Day 1
  •  Situated in an Opportunity Zone
  •  40% Historic Tax Credits Approved by State & Federal Government
  •  Approximately $250,000 in City Contributions (Grants, Tax Credits, etc.) and $55,000 Approved Grant from State for Job Creation
    View Map    View Aerial
  •  The City of Rocky Mount is part of the Raleigh-Durham-Cary Combined Statistical Area with a total population of 2,132,523
  •  Within walking distance of Rocky Mount Event Center
  •  Close to Regional Demand Generators:
    •  0.2 Miles to Imperial Centre for the Arts and Sciences
    •  0.4 Miles to Edgecombe Community College Biotechnology Center and Medical Simulation Center
    •  1.8 Miles to Rocky Mount Sports Complex
    •  5.6 Miles to Nash General Hospital
    •  5.7 Miles to North Carolina Wesleyan College and the Gateway Technology Center
  •  2 Stories
  •  Exterior Corridors
  •  Concrete Block Construction
  •  Brick Facade
  •  Flat Roof
  •  Asphalt Parking Lot
  •  64 Bays
  •  12,000 Square Feet of Restaurant & Event Space
  •  On-Site Parking
  •  1.82 Acres
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
Year 1*
Year 2*
Year 3*
Year 4*
Year 5*
Occupancy
57.3%
67.7%
72.9%
72.9%
72.9%
Average Daily Rate
$125.00
$129.31
$133.77
$138.39
$143.16
RevPar
$71.58
$87.57
$97.52
$100.88
$104.36
Total Revenue
$1,816,875
$2,189,263
$2,424,544
$2,510,328
$2,599,335
Room Revenue
$1,630,875
$1,995,163
$2,221,849
$2,298,503
$2,377,801
*PROJECTED NUMBERS
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!