Outer Banks Inn


Price:
  $4,000,000   
$3,750,000

Address :
1003 S Croatan Hwy
Kill Devil Hills, NC 27948


  •  Excellent location on US 158 Bypass, the primary commercial corridor in the Outer Banks
  •  Ideal size and operating model for owner/ operator
  •  Dare County offers low cost of living
  •  Prime location for multi-family conversion
  •  Offered at discount to replacement cost
  •  Renovations since 2019: New Property Management System & Computers, New Website, Security System, Monument Sign, Exterior Paint, All New Flooring Throughout, New House Laundry Machines
    View Map    View Aerial
  •  Over 2.8 million visitors annually
  •  Only 3 Blocks to Oceanfront and within walking dis-tance of 2 public beach accesses
  •  Convenient to numerous independent and nationally-franchised restaurants
  •  Situated on main commercial corridor in Kill Devil Hills (US 158)
  •  Close to Regional Demand Generators:
    •  Wright Brothers Memorial
    •  Jockeys Ridge & Kitty Hawk Kites (multi-retail)
    •  Manteo, with Pirate’s Cove Marina, the Lost Colony outdoor drama, Fort Raleigh National Historical Site, and Elizabethan Gardens
    •  Oregon Inlet Fishing Center
  •  40 Rooms
  •  3 Stories, Interior Corridor
  •  Wood Frame Construction
  •  Brick Façade
  •  Asphalt Shingle Roof
  •  Asphalt and Paver Parking Lot
  •  Wireless Internet
  •  Guest-Access Computers
  •  Guest Laundry
  •  Vending
  •  Outdoor Pool
  •  Built in 1985
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
2019
2020
2021
T-12Mos 5/22
Occupancy
37.80%
28.96%
35.02%
44.83%
Average Daily Rate
$113.08
$142.24
$180.86
$174.40
Room Revenue
$552,595
$537,480
$848,792
$766,282
Net Operating Income
$198,511
$259,252
$486,872
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!