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Knights Inn Fayettevile 2848 Bragg Blvd
61 Room Hotel Fayetteville, NC 28303 $2,550,000 ($41,803/Room)
Investment Highlights
- Currently Managed by Staff only and significant upside and Great Opportunity for Owner Operator
- Manager/Owner Apartment on premises, which will help Owner to stay close to family and look after day to day operations
- Other possible brands to convert such as Econo, Days, Super 8, Red Roof, Red Carpet, ABVI, OYO
- Lots of Potential to increase the revenue by changing the Brand as well operate 24 hour
- Minimum cost and flat fee to keep Knights Inn franchise - Almost no PIP
- Please DO NOT Visit and Disturb Staff for this operating Motel - Must Schedule the visit with listing broker
Property Facts
| Price | $2,550,000 | Building Size | 42,774 SF |
| Price Per Room | $41,803 | No. Rooms | 61 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1960/2022 |
| Property Type | Hospitality | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Cross Streets | Elm St |
| Lot Size | 1.47 AC |
| Price | $2,550,000 |
| Price Per Room | $41,803 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 42,774 SF |
| No. Rooms | 61 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2022 |
| Parking Ratio | 1.47/1,000 SF |
| Corridor | Exterior |
| Cross Streets | Elm St |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
About 2848 Bragg Blvd , Fayetteville, NC 28303
Two to three separate buildings, one with one story and rooms on both side and other one is two story with room on front side only with attached three story building with rooms on front only as well. Lobby and desk area along with back house area for office, laundry room and possible manager's apartment/quarter to live in and manage day to day operations.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 61 | $78.00 | - |
PROPERTY TAXES
| Parcel Number | 0428-12-7007 | Improvements Assessment | $1,180,432 |
| Land Assessment | $219,916 | Total Assessment | $1,400,348 |
PROPERTY TAXES
zoning
| Zoning Code | CC |
| CC |
Learn More About Investing in Hospitality Properties
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Knights Inn Fayettevile | 2848 Bragg Blvd
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