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1707 Owen Dr
Fayetteville, NC 28304
Ramada Fayetteville-Multi Family Conversion · Hospitality Property For Sale
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82,273 SF
Investment Highlights
- Located in close proximity to the Cape Fear Valley Medical center, a regional hospital that serves Fayetteville, and the greater area
- $90+ REVPAR Segment of the market (Pre-COVID)
- Ability to diversify revenue streams through a partial conversion to apartments.
- Multiple branding options including the only Full-Service Delta/Marriott in the market.
- Near Fayetteville’s Fort Bragg Army Base which provides steady hotel and event bookings.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 7.08 AC | Parking Ratio | 4.72/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Building Size | 82,273 SF | ||
| Zoning | CC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.08 AC |
| Construction Status | Converted |
| Building Size | 82,273 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2017 |
| Tenancy | Single |
| Parking Ratio | 4.72/1,000 SF |
| Corridor | Interior |
| Zoning | CC |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 0426-15-5731 | Improvements Assessment | $17,316,721 |
| Land Assessment | $5,751,344 | Total Assessment | $23,068,065 |
Property Taxes
Parcel Number
0426-15-5731
Land Assessment
$5,751,344
Improvements Assessment
$17,316,721
Total Assessment
$23,068,065
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