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250 N Equity Dr
Smithfield, NC 27577
Country Inn & Suites by Radisson, Smithfield · Hospitality Property For Sale
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47,125 SF
Investment Highlights
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
- Newest Hotel in the Competitive Set Offered with Minimal Property Improvement Plan to a New Owner
- Underperforming Asset with a 97% RevPAR Penetration Index, Despite Being 10 Years Newer than the STR-Defined Competitive Set Hotels
- Fee Simple Interest in the 77-Unit, 4-Story, Limited-Service Country Inn & Suites by Choice Hotels Built in 2016
- Assumable Non-Recourse CMBS Debt In-Place with 5.6% Interest, Expiring in March of 2029
- Absentee, Out-of-State Ownership Profile Creates Opportunity for New Ownership to Drastically Improve Revenue and NOI
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2016 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.92 AC | Parking Ratio | 2.31/1,000 SF |
| Building Size | 47,125 SF | Corridor | Interior |
| Zoning | COM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.92 AC |
| Building Size | 47,125 SF |
| No. Stories | 4 |
| Year Built | 2016 |
| Tenancy | Single |
| Parking Ratio | 2.31/1,000 SF |
| Corridor | Interior |
| Zoning | COM |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 15008045 | Improvements Assessment | $7,309,700 |
| Land Assessment | $1,338,160 | Total Assessment | $8,647,860 |
Property Taxes
Parcel Number
15008045
Land Assessment
$1,338,160
Improvements Assessment
$7,309,700
Total Assessment
$8,647,860
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