Ahoskie Inn | Easily Accessible | By Downtown 343 W NC-561

Experience the Ahoskie Inn, a prime two-story, interior-corridor hospitality investment with premier visibility at 343 W NC Highway 561 in Ahoskie, North Carolina. Boasting a total of 98 rooms within a 55,000-square-foot building positioned over a spacious 7.15 acres of land, this well-appointed property offers a lucrative opportunity in a thriving area front and center to about 7,000 vehicles per day. Built in 1983, Ahoskie Inn features a modern design with recent renovations in 2016, ensuring a fresh and inviting atmosphere for guests. The hotel features a full-service conference center, lounge, grill, bar, and mini-store, which a new owner can choose to operate or lease out to a tenant to help reduce the cost of payroll and utilities and ultimately help support their net operating income. With an ideal layout, generous B-2 zoning, and a prime location, this acquisition presents a versatile investment option for hospitality entrepreneurs.

Strategically situated to capture a growing market less than a half mile from NC Highway 11, the Ahoskie Inn benefits from a promising demographic profile. Surrounded by a population of 17,827 within 10 miles and an average household income of more than $56,500, 343 W NC Highway 561 offers both stability and sought-after upside for savvy investors. These residents are joined by 8,911 employees and have a considerable spending power of well over $176 million annually. Local amenities available within 5 miles of the property, near Downtown Ahoskie, that can serve as a convenience to visitors include Walmart Supercenter, Food Lion, McDonald’s, Dollar Tree, Piggy Wiggly, Burger King, Subway, Wendy’s, Advance Auto Parts, Verizon and many more. ECU Health Roanoke-Chowan Hospital, a 114-bed hospital offering numerous health specialty services to nearly 40,000 people across four counties is beneficially situated a seven-minute drive from 343 W NC Highway 561.

Ahoskie Inn was formerly operated as a Holiday Inn and a Ramada Inn. The hotel has operated as an independent property for the past several years. This allows the property to be delivered without any deferred maintenance encumbered unto it by a franchise company in the form of a property improvement plan. On the other hand, a new investor can choose to acquire the hotel and use the cash flow from the existing business to convert the property into a franchised hospitality asset. The property is currently operated by owner-absentee, with existing ownership having the luxury of rarely visiting and maintaining the hotel as the current operations are entirely dependent on the existing staff. Given the property’s desirable build-out, many franchises would be available for an experienced operator to transform this acquisition into a high-performing asset with an increased RevPAR. Don't miss out on the opportunity to own a prominently positioned hospitality asset in this vibrant location primed for the success of its next venture.

Property tours are available by appointment only. Please contact the broker to schedule.