250 N Equity Dr | Smithfield, NC 27577
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This Hospitality Property is no longer advertised on LoopNet.co.uk.
250 N Equity Dr
Smithfield, NC 27577
Country Inn & Suites by Radisson, Smithfield · Hospitality Property For Sale
·
47,125 sq ft

INVESTMENT HIGHLIGHTS
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
- Newest Hotel in the Competitive Set Offered with Minimal Property Improvement Plan to a New Owner
- Underperforming Asset with a 97% RevPAR Penetration Index, Despite Being 10 Years Newer than the STR-Defined Competitive Set Hotels
- Fee Simple Interest in the 77-Unit, 4-Story, Limited-Service Country Inn & Suites by Choice Hotels Built in 2016
- Assumable Non-Recourse CMBS Debt In-Place with 5.6% Interest, Expiring in March of 2029
- Absentee, Out-of-State Ownership Profile Creates Opportunity for New Ownership to Drastically Improve Revenue and NOI
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 4 |
| Property Subtype | Hotel | Year Built | 2016 |
| Costar Property Class | B | Tenancy | Single |
| Total Plot Size | 1.92 ac | Parking Allocation | 2.31/1,000 sq ft |
| Property Size | 47,125 sq ft | Corridor | Interior |
| Use Class | COM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 1.92 ac |
| Property Size | 47,125 sq ft |
| No. Floors | 4 |
| Year Built | 2016 |
| Tenancy | Single |
| Parking Allocation | 2.31/1,000 sq ft |
| Corridor | Interior |
| Use Class | COM |
AMENITIES
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 15008045 | Improvements Assessment | £5,497,668 |
| Land Assessment | £1,006,438 | Total Assessment | £6,504,106 |
PROPERTY TAXES
Parcel Number
15008045
Land Assessment
£1,006,438
Improvements Assessment
£5,497,668
Total Assessment
£6,504,106
Listing ID: 28428517
Date on Market: 08/05/2023
Last Updated:
Address: 250 N Equity Dr, Smithfield, NC 27577
The Hospitality Property at 250 N Equity Dr, Smithfield, NC 27577 is no longer being advertised on LoopNet.co.uk. Contact the agent for information on availability.
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