4716 New Bern Ave | Raleigh, NC 27610
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- LoopNet Team
4716 New Bern Ave
Raleigh, NC 27610
Econo Lodge Raleigh Walnut Creek Amphitheatre · Hospitality Property For Sale
·
25,940 SF
INVESTMENT HIGHLIGHTS
- Wall-mounted HVAC in units.
- New development around transit lines is set to focus on affordable housing options.
- Flexible Zoning: Permitted uses include multi-unit residential, perfect for studio apartment projects.
- Allows for easy access to Downtown Raleigh and existing public transit.
- Prime Location: Situated on the New Bern Avenue corridor, ideal for affordable housing conversion.
- Significant Upgrades: $700,000 spent in 2023 on capital improvements, including showers, flooring, and paint.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1996 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.32 AC | Parking Ratio | 1.93/1,000 SF |
| Building Size | 25,940 SF | Corridor | Interior |
| Zoning | CX-3-PL - Commercial Mixed Use | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 25,940 SF |
| No. Stories | 2 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 1.93/1,000 SF |
| Corridor | Interior |
| Zoning | CX-3-PL - Commercial Mixed Use |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 1734.09-15-3368-000 | Improvements Assessment | $3,595,276 |
| Land Assessment | $862,485 | Total Assessment | $4,457,761 |
PROPERTY TAXES
Parcel Number
1734.09-15-3368-000
Land Assessment
$862,485
Improvements Assessment
$3,595,276
Total Assessment
$4,457,761
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