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Listing ID #: 12374 Potential For Rehab Home And More

Advertiser Info

 User:  nmehta98

Member Since: Aug 2018

Page Views

For This Ad:   21

Ad Info

  • Date Posted:
  • August 1, 2018
  • Purchase Price:
  • -
  • Property Type:
  • Commercial Land / Motel / Mixed Use

    Property Address:

  • Street:
  • Hwy 301 S.
  • City:
  • Elm City
  • State:
  • North Carolina
  • Zip Code:
  • 27822

    Contact Info:

  • Contact Name:
  • Nick
  • Phone:
  • (252) 236-3018

Property Description

Location: Located on historic Hwy 301 South between Rocky Mount and Wilson,North Carolina. Prime location with high-level traffic and visibility.Half mile out of town, away from town noise for quiet guest experience and convenient for quick shopping and dinning. Property is uniquely centered between two rapidly growing population centers and is currently undergoing economic upswing with several revitalization projects underway, eg, Rocky Mount event center, Rocky Mount CSX distribution hub,Tarboro new tire manufacturing unit.

Option 1: One acre of land for sale. Ideal location for fast-food establishment and gas station or church. $100,000.00

Option 2: Three acres of land for sale. Land includes lot in front of, behind, and surrounding motel. Also, land includes 30 room motel, fully-furnished. A five-bedroom residential suite is also included with each room serving as a master bedroom. $419,000.00 sold as is.

Motel building has the potential to house a drug and alcohol rehabilitation center,senior living home, boutique hotel, apartment complex, or medical practice. Land area would also finely suit a gas station, fast-food restaurant, budget store, office space, and other office establishments. Essentially, there is a wide-array of opportunity for the land.Commercial zone,partly demolishes,remodel and build to suit.

Only entertaining offers from qualified buyers with proof of assets and liquid capital. Investment in this land would be well-below comparable rebuilding cost. For further details contact Nick.

New rebuilding cost approx $2 million.
Current MOTEL as it is $419,000.