197 Parham Rd | Henderson, NC 27536
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- LoopNet Team
197 Parham Rd
Henderson, NC 27536
OYO Henderson · Hospitality Property For Sale · 42,636 SF
Investment Highlights
- Situated on an expansive 3.14-acre site that includes a 14,000-square-foot restaurant space and a 9,300-square-foot banquet hall.
- Excellent investment opportunity with a strong 2020 revenue of $560,000, a $160,000 improvement over 2019, and a net operating income of $180,000.
- Located in an Opportunity Zone presenting significant tax savings incentives for investors looking for a 1031 exchange or with capital gains dollars.
- The City of Henderson is part of the Raleigh-Durham-Cary metropolitan region and is less than an hour to Raleigh or Durham.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1966 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 3.14 AC | Corridor | Exterior |
| Building Size | 42,636 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 42,636 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.73/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,913,295 | |
| Land Assessment | $358,956 | Total Assessment | $2,272,251 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$358,956
Improvements Assessment
$1,913,295
Total Assessment
$2,272,251
zoning
| Zoning Code | HB4 (General Commercial) |
| HB4 (General Commercial) |
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