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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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