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1415 J.K. Powell Blvd
Whiteville, NC 28472
Quality Inn Whiteville North · Hospitality Property For Sale · 30,464 SF
Investment Highlights
- Very Minimal PIP
- Ranked #1 of 3 Hotels in Whiteville, NC
- Excellent Location on Highway 701 & Just 1 Mile to Highway 74/76 (Future I-74)
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 2 |
Property Subtype | Hotel | Year Built/Renovated | 1998/2013 |
Building Class | B | Tenancy | Single |
Lot Size | 1.95 AC | Parking Ratio | 5.74/1,000 SF |
Building Size | 30,464 SF | Corridor | Interior |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.95 AC |
Building Size | 30,464 SF |
No. Stories | 2 |
Year Built/Renovated | 1998/2013 |
Tenancy | Single |
Parking Ratio | 5.74/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 1415 J.K. Powell Blvd , Whiteville, NC 28472
Very minimal PIP due to recent full renovations. $10K franchise transfer fee. YOY growth: GRR - 25.94%, ADR - 12.53%, Occupancy - 7.28%, RevPAR - 23.58%. According to data from STR, on a running 12-month basis, the subject property's Occupancy Index is 115.1, with the ADR Index showing at 107.1 and the RevPAR Index at 123.2. The subject property is located in Columbus County at 1415 North J.K. Powell Boulevard in Whiteville, NC, which is just off Highway 701 Bypass and less than 1 mile to Highway 701 Business, as well Highway 74 Business. The Highway 74 Bypass is planned to become future Interstate 74. The city of Whiteville covers 5.4 square miles. The United States Census Bureau estimates that the total population of the city in 2018 was 5,340. Traffic data from NCDOT counts taken along Highway 701 Bypass, south of the intersection with Highway 74 Bypass / Highway 76 shows growth from 15,000 average daily vehicles in 2015 to 18,000 in 2018. VisitNC’s records show that visitor spending in Columbus County increased by 4.71% YOY between 2017 and 2018. A 5.03% YOY increase between 2016 and 2017 was the largest annual increase since 2010. Travelers spent an estimated $58.85MM in 2018. Robeson County, to the subject property’s west, hosts major north/south Interstate 95, as well as the city of Lumberton and the University of North Carolina at Pembroke. Robeson County showed growth of 4.60% YOY between 2017 and 2018. This growth followed a 5.54% YOY increase between 2016 and 2017, and a 5.01% YOY increase between 2015 and 2016. Estimated travel revenue in Robeson County was set at $159.84MM in 2018. To the east of the subject property lies coastal Brunswick County. Famous for its quiet beaches and for serving as the southern gateway to the City of Wilmington, Brunswick County saw travelers spend 6.48% more in 2018 than they had in 2017. 2018’s estimated expenditures were $599.11MM. The Whiteville area is served primarily by independent vehicle. The bus line, Greyhound, offers daily service to the city. The Columbus County Municipal Airport (CPC) is located 6.1 miles south the property. Travelers seeking a larger airport will find their needs met at Wilmington International Airport, Myrtle Beach International Airport, or large-scale Raleigh-Durham International Airport. Guests of the property find that its prime location near several major highways makes for convenient travels. There are several dining establishments available within 1 mile of the hotel, including fast food options and Panchito’s Mexican Restaurant. The main campus of Columbus Regional Healthcare System sits just 1.4 miles southeast of the property. Other notable employers in Columbus County are International Paper Company, Employer HR, LLC, BB&T, and the Atlantic Corporation of Wilmington. Institutions of higher learning near Whiteville include Southeastern Community College, which serves approximately 8,800 students annually. Columbus County is home to the 160-acre Southeast Regional Industrial Park. Outdoor enthusiasts enjoy having easy access to Lake Waccamaw State Park, Lake Tabor, and Fair Bluff River Walk. Families love exploring the North Carolina Museum of Natural Sciences at Whiteville. Major festivals in the Whiteville area include the Southeastern NC Watermelon Festival, NC Yam Festival, NC Strawberry Festival, NC Pecan Harvest Festival, and the Columbus County Agricultural Fair. The current primary marketing blurb for the subject property reads as follows: " The Quality Inn® Whiteville North hotel near Southeastern Community College lets you relax and focus on the people and experiences you came for. Conveniently located off Routes 701, 76 and 74, this smoke-free hotel in Whiteville gives you easy access to other local sites, activities and attractions like the North Carolina Museum of Natural Sciences at Whiteville and: Columbus County Municipal Airport Columbus County Courthouse Square NC Forestry Museum Lake Waccamaw State Park Lumber River State Park You can also easily get to Elizabethtown and Wilmington, which are both within an hour's drive away. Our Value Qs deliver professional, responsive and friendly service, as well as amenities that give you more for your hard-earned money such as free coffee and free parking, plus: Free hot, fresh and healthy breakfast Free WiFi Business center Free weekday newspaper Guest laundry facilities Each guest room offers a refreshing shower, refrigerator, microwave, coffee maker and hair dryer, along with an iron and ironing board. Your Q Bed features a comfortable, premium mattress and linens, a generous supply of fluffy pillows and a soft, plush blanket—because we know how much you value a good night’s sleep. Get your money’s worth at the Quality Inn Whiteville North. Whiteville hotels like ours offer the best hotel rates and the best amenities, so you can focus on the people and travel memories that really matter. Book today!”
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,771,200 |
Land Assessment | $594,500 | Total Assessment | $2,365,700 |
PROPERTY TAXES
- 0281.02-77-0638.000
- 0097406
zoning
Zoning Code | B-3 |
B-3 |
Learn More About Investing in Hospitality Properties
Listing ID: 17215959
Date on Market: 9/16/2019
Last Updated:
Address: 1415 J.K. Powell Blvd, Whiteville, NC 28472