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Hwy 158 - Rare, Upscale, High Value, Hotel Opportunity 2.7 Acres of Commercial Land Offered at $1,850,000 in Bermuda Run, NC 27006
INVESTMENT HIGHLIGHTS
- PREMIER COMMUNITY
- UNMET DEMAND for HOTEL, RESTAURANTS, SHOPS, FAST CASUAL DINING
- AVAILABLE IMMEDIATELY - COMMERCIAL CONSTRUCTION COMPANY ON SITE
- RARE OPPORTUNITY
- HIGH VALUE LOCATION - HOUSEHOLD INCOME ONE OF HIGHEST IN STATE
- PERMITS WITHIN FOUR WEEKS
EXECUTIVE SUMMARY
Rare, Upscale, High Value, Hotel, Retail and Restaurant opportunity in safe village of Bermuda Run. Hotel Beds under served by 355 / night per Univ of North Carolina Study. Area graded level to promote walking from Hotel to shops or restaurants.
An upscale hotel is needed to meet demand created by local sports complexes and nationally recognized event center. This superb location features one of the highest per capita areas in North Carolina.
Reports from Rise Indoor Sports Complex, Truist Sports Park, Tanglewood Park, as well as WinMock Event Center indicate that guests are venturing as far as Winston-Salem in search of higher quality lodging products. Need restaurants, steak, fast casual.
DFI Market Study shows immediate need for 355 additional rooms per night in this area.
An upscale brand or independent boutique at or above the upscale class can both meet the Town’s public interests and succeed in this growing market.
Total project is estimated to cost between $14-18 million.
Restriction to specific construction company is in place. Permits set to go in 4 weeks.
Potential for a beautiful outdoor patio overlooking greenway walking trail that leads to nearby Sports Complex.
Building quality to be similar to attached sketches.
BUILDING CAN BE 4 OR 5 STORIES.
An upscale hotel is needed to meet demand created by local sports complexes and nationally recognized event center. This superb location features one of the highest per capita areas in North Carolina.
Reports from Rise Indoor Sports Complex, Truist Sports Park, Tanglewood Park, as well as WinMock Event Center indicate that guests are venturing as far as Winston-Salem in search of higher quality lodging products. Need restaurants, steak, fast casual.
DFI Market Study shows immediate need for 355 additional rooms per night in this area.
An upscale brand or independent boutique at or above the upscale class can both meet the Town’s public interests and succeed in this growing market.
Total project is estimated to cost between $14-18 million.
Restriction to specific construction company is in place. Permits set to go in 4 weeks.
Potential for a beautiful outdoor patio overlooking greenway walking trail that leads to nearby Sports Complex.
Building quality to be similar to attached sketches.
BUILDING CAN BE 4 OR 5 STORIES.
PROPERTY FACTS
| Price | $1,850,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.70 AC |
| Zoning | BERMUDA RUN VM - BERMUDA RUN VM | ||
| Price | $1,850,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.70 AC |
| Zoning | BERMUDA RUN VM - BERMUDA RUN VM |
1 LOT AVAILABLE
Lot 1 & 2
| Price | $1,850,000 | Lot Size | 2.70 AC |
| Price Per AC | $685,185.19 |
| Price | $1,850,000 |
| Price Per AC | $685,185.19 |
| Lot Size | 2.70 AC |
Lots 1 & 2 consist of 2.70 AC of land. Available for $1,850,000
DESCRIPTION
Level with utilities in Place. Adjoins Winmock Special Events Center, Overlooks Best in Class Soccer Facility. adjoins Blue Heron walking trail. Across the street from Bermuda Run Country Club. Tanglewood Park 1/4 mile. HOTEL CAN BE 50 FT IN HEIGTH. Beautiful area in Bermuda Run, NC a resort feeling community.
1 1
PROPERTY TAXES
| Parcel Number | C8-000-00-178 | Improvements Assessment | $0 |
| Land Assessment | $575,900 | Total Assessment | $575,900 |
PROPERTY TAXES
Parcel Number
C8-000-00-178
Land Assessment
$575,900
Improvements Assessment
$0
Total Assessment
$575,900
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Hwy 158 - Rare, Upscale, High Value, Hotel Opportunity
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