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Hampton Inn by Hilton Blowing Rock 986 Ransom St 98 Room Hotel Blowing Rock, NC 28605 $2,000,000 ($20,408/Room)
Investment Highlights
- High visibility location
- Ideal for development as a boutique hotel, or high density residential such as townhomes or condominiums
- Commercial zoning so no restrictions on short term vacation rentals
Executive Summary
This two-plus-acre tract is an exceptional investment for commercial, residential, or mixed-use development. The desirable General Business GB zoning permits high value applications, including short-term rentals, boutique hotel, restaurant or a prime shopping areas. Another option might be a condominium/townhome development. The property features unparalleled visibility and high traffic exposure directly on Highway 321 Valley Boulevard, ensuring maximum customer recognition. Two accesses are already existing from Ransom Street for multiple options. A key amenity is the easy short walk directly into charming downtown Blowing Rock and its popular attractions benefiting future residents and guests. With all major utilities already in place the development timeline is significantly streamlined and costs are reduced. The existing structure has no value, and the land is offered strictly as is.
Property Facts
| Price | $2,000,000 | Construction Status | Proposed |
| Price Per Room | $20,408 | Building Size | 49,000 SF |
| Sale Type | Investment | No. Rooms | 98 |
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built | 2029 |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.10 AC | ||
| Zoning | BR-GB | ||
| Price | $2,000,000 |
| Price Per Room | $20,408 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.10 AC |
| Construction Status | Proposed |
| Building Size | 49,000 SF |
| No. Rooms | 98 |
| No. Stories | 7 |
| Year Built | 2029 |
| Corridor | Interior |
| Zoning | BR-GB |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $174.00 | - |
| Guest Room | 96 | $141.00 | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2817-04-9465-000 | Improvements Assessment | $139,300 |
| Land Assessment | $542,200 | Total Assessment | $681,500 |
Property Taxes
Parcel Number
2817-04-9465-000
Land Assessment
$542,200
Improvements Assessment
$139,300
Total Assessment
$681,500
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Hampton Inn by Hilton Blowing Rock | 986 Ransom St
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