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Econo Lodge Raleigh Walnut Creek Amphitheatre 4716 New Bern Ave 60 Room Hotel Raleigh, NC 27610 For Sale
INVESTMENT HIGHLIGHTS
- Located along New Bern Avenue proximate to all local demand generators
- Historical Revenues in the $1.1M range (pre-reno / covid)
- Renovations done in 2022-2023
EXECUTIVE SUMMARY
Extremely motivated seller
Absentee owner
Absentee owner
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 60 |
| Sale Condition | Distress Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1996 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 1.32 AC | Corridor | Interior |
| Building Size | 25,940 SF | ||
| Zoning | CX-3-PL - Commercial Mixed Use | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 25,940 SF |
| No. Rooms | 60 |
| 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
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $87.00 | - |
| Guest Room | 58 | $73.00 | - |
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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Econo Lodge Raleigh Walnut Creek Amphitheatre | 4716 New Bern Ave
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