1944 Cedar Creek Rd | Fayetteville, NC 28312
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1944 Cedar Creek Rd
Fayetteville, NC 28312
Clarion Fayetteville · Hospitality Property For Sale · 93,539 SF
Investment Highlights
- Fee Simple interest in the lender-owned 198-room Clarion Hotel offered at a substantial discount to replacement cost.
- Asset is situated on a 10-acre parcel allowing for longer-term redevelopment potential and investor land bank adjacent to heavily trafficked I-95.
- Current zoning of 'Community Commercial' allows for a diverse range of re-adaptive use.
- Property is unencumbered of brand and management, allowing buyers to pursue branding of their choice or potential alternative use.
- Approximately $1.1MM in renovation work completed in 2020 - including a new roof, landscaping, and parking lot repair.
- Proximate to all regional demand generators, including Fort Bragg, Fayetteville Technical, Community College, and Cape Fear Valley Health System.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1983/2011 |
| Building Class | C | Tenancy | Single |
| Lot Size | 9.95 AC | Parking Ratio | 2.73/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Building Size | 93,539 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 9.95 AC |
| Construction Status | Converted |
| Building Size | 93,539 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2011 |
| Tenancy | Single |
| Parking Ratio | 2.73/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- On-Site Bar
PROPERTY TAXES
| Parcel Number | 0455-27-3309 | Improvements Assessment | $8,898,123 |
| Land Assessment | $990,000 | Total Assessment | $9,888,123 |
PROPERTY TAXES
Parcel Number
0455-27-3309
Land Assessment
$990,000
Improvements Assessment
$8,898,123
Total Assessment
$9,888,123
zoning
| Zoning Code | C1P |
| C1P |
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