Log In/Sign Up
Your email has been sent.
Long Cove Resort and Marina 14629 Rainbarrel Road 33 Room Hotel Charlotte, NC 28278 For Sale
INVESTMENT HIGHLIGHTS
- Strategically located on Lake Wylie, Long Cove offers direct access just 23 minutes from Uptown Charlotte.
- Recent and in process CAPEX improvements including the planned renovation of a swimming pool and jacuzzi will benefit the next owner.
- For TTM ending June 30, 2025, Long Cove generated $617,000 in NOI on $1,458,000 in Gross Revenue.
- Long Cove features 35 rental cabins, a private beach, several event venues, as well as a marina with 112 wet slips.
- Significant growth in revenue and NOI projected due to completion of a resort-style pool & jacuzzi, a 484 SF meeting room to drive weekday occupancy
- Projected stabilized (Year 3) NOI is estimated to be $1,369,000 on $2,590,000 in gross revenue.
EXECUTIVE SUMMARY
The Colliers Leisure Property Advisors team is pleased to exclusively offer for purchase Long Cove Resort & Marina (“Long Cove”), the only cabin resort on popular Lake Wylie. Long Cove is only 23 minutes from Uptown Charlotte making it a very convenient getaway. Approximately, 2.3 million people live within a 30-mile radius providing a deep customer base from which to draw.
Long Cove encompasses 14.33 acres of uplands owned fee simple and 3.20 of submerged lands leased from Duke Power providing approximately 3,000 linear feet of lake frontage. The site has been improved with 35 park model homes for short-term vacation rental, a 112-slip marina, and a private beach.
Long Cove encompasses 14.33 acres of uplands owned fee simple and 3.20 of submerged lands leased from Duke Power providing approximately 3,000 linear feet of lake frontage. The site has been improved with 35 park model homes for short-term vacation rental, a 112-slip marina, and a private beach.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 5,558 SF |
| Sale Condition | Business Value Included | No. Rooms | 33 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1978/2020 |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 14.39 AC | Corridor | Exterior |
| Zoning | N1 - Permits single-family, duplex, and triplex dwellings, among other uses | ||
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 14.39 AC |
| Building Size | 5,558 SF |
| No. Rooms | 33 |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2020 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Exterior |
| Zoning | N1 - Permits single-family, duplex, and triplex dwellings, among other uses |
AMENITIES
- Pool
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 33 | $279.18 CAD | - |
PROPERTY TAXES
| Parcel Number | 199-342-02 | Improvements Assessment | $844,650 CAD |
| Land Assessment | $6,201,056 CAD | Total Assessment | $7,045,706 CAD |
PROPERTY TAXES
Parcel Number
199-342-02
Land Assessment
$6,201,056 CAD
Improvements Assessment
$844,650 CAD
Total Assessment
$7,045,706 CAD
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Long Cove Resort and Marina | 14629 Rainbarrel Road
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.