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- LoopNet Team
197 Parham Rd
Henderson, NC 27536
Former Travelodge Hotel 1 Hr from Raleigh NC · Hospitality Property For Sale
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42,636 SF
INVESTMENT HIGHLIGHTS
- Off I-85, at the intersection of US-1 and I-85, the hotel is less than an hour from Raleigh-Durham-Chapel ("The Triangle")
- Henderson offers lower costs of doing business, lake assets and is a friendly, hometown city with Southern charm and big-city benefits
- Rare opportunity to acquire a property for less than 3x Avg Revenue 2017-2019 close to Raleigh, NC
- Henderson and Vance County are regional business and retail hubs for half a dozen counties in northern NC and southern VA.
- Near Kerr Lake, Roanoke River, and Satterwhite Point with access to several regional demand generators
- Motivated Seller. Financing available through seller’s preferred lender with a minimum down payment of $250,000
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1966 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 3.14 AC | Corridor | Exterior |
| Building Size | 42,636 SF | ||
| Zoning | HB4 - General Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 42,636 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.73/1,000 SF |
| Corridor | Exterior |
| Zoning | HB4 - General Commercial |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
ABOUT 197 PARHAM RD , HENDERSON, NC 27536
The subject property was built in 1966 on +/-3.14 acres of land. The hotel has a heated area of +/- 42,636 square feet, and comprises of 124 guest rooms, of which 76 are rentable. With 9,311 square feet of event space, this hotel features 2 meeting rooms, which can accommodate 175 conference guests or 150 banquet guests, for small or large gatherings. The property is a two-story exterior corridor hotel with masonry and concrete block construction. The zoning is Neighborhood Commercial (HB4). Pet friendly hotel with amenities including: Banquet Facilities, Restaurant (To be Leased), Pool – Outdoor (Currently Closed), Bus/Truck / RV Parking, Business Center, Flat Screen Televisions, Meeting Room, Free Parking.
PROPERTY TAXES
| Parcel Number | 0037A01001 | Improvements Assessment | $139,151 |
| Land Assessment | $258,625 | Total Assessment | $397,776 |
PROPERTY TAXES
