1695 Outlet Center Dr | Selma, NC 27576
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1695 Outlet Center Dr
Selma, NC 27576
La Quinta Inns & Suites Selma/Smithfield I-95 · Hospitality Property For Sale
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45,058 SF
INVESTMENT HIGHLIGHTS
- Fee-Simple Interest in the 75-Key, 4-Story, Interior-Corridor, Limited-Service Hotel
- Comprehensive Renovation Completed by the Seller in 2020/2021 | Minimal-to-no-PIP for Incoming Purchaser
- Significant Operational Upside by Leveraging Recent Renovations | 90% RevPAR Penetration Index
- Expansive 1.98-Acre Site Located Next to the Carolina Premium Outlet Center, with Full Visibility to I-95 (44,000 VPD) and Highway 70 (18,000 VPD)
- 20-Year Franchise Agreement Signed in 2020 Valid through 2040 | Newest La Quinta Del Sol Prototype Renovation Completed
- Highly Accessible Interstate Location with Proximity to Raleigh-Durham (30 Miles to Downtown Raleigh)
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2021 |
| Building Class | B | Parking Ratio | 1.66/1,000 SF |
| Lot Size | 1.98 AC | Corridor | Interior |
| Building Size | 45,058 SF | ||
| Zoning | COM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.98 AC |
| Building Size | 45,058 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2021 |
| Parking Ratio | 1.66/1,000 SF |
| Corridor | Interior |
| Zoning | COM |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 14074199J | Improvements Assessment | $4,984,860 |
| Land Assessment | $1,034,990 | Total Assessment | $6,019,850 |
PROPERTY TAXES
Parcel Number
14074199J
Land Assessment
$1,034,990
Improvements Assessment
$4,984,860
Total Assessment
$6,019,850
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