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Former Hotel and Apartment Redevelopment

1010 S Garnett Street Henderson, NC 27536

Claim this Listing
For Sale
$495,000

COMMERCIAL - Henderson, NC

Property size:
13,800 SF
Lot size:
1.18 Acres
Price / SF:
$35.87/SF
Added:
Feb 25, 2026
Days on Market:
139
Last Refresh:
Jul 14 at 7:06 am

Property Features for 1010 S Garnett Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
OIA
Parking
20
Standard status
Active
APN
0005 07019 & 0005 07005
Size
13,800 SF
Lot size
1.18 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
DB 1370, PG 468 & DB 1427, PG 1077
Tax Annual Amount
4895

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1949
Floors in Building
2

Listing agent James Hutson License #259143

Listing office Ninja Realty 123 Rose Avenue, Raleigh, NC

Listing date Feb 25, 2026

MLS# 10148505

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Originally constructed in 1949, this vacant redevelopment site includes a 25-room former hotel and four additional apartment units. Most guest rooms feature private baths, while a limited number are configured with shared community baths consistent with traditional mid-century hotel design. A breezeway connects the primary lodging building to a second structure that previously operated as a restaurant.

The property is positioned at a signalized intersection of S. Garnett Street and Raleigh Road, with strong visibility and direct access to US-1. Proximity to I-85 provides convenient regional connectivity, and the site benefits from dedicated on-site parking. The offering is comprised of three parcels totaling approximately 1.181 acres.

Zoned OIA (Office, Institutional & Residential), the property offers flexibility for an experienced investor or developer to pursue a repositioning strategy. Potential directions described with the listing include boutique or flagged hotel redevelopment, office or medical conversion, multifamily or workforce housing conversion, mixed-use redevelopment, and institutional or community use. The property is being sold as-is, with substantial rehabilitation required and no operating financials available.

Key Highlights

  • High‑traffic location at a signalized intersection with excellent visibility and direct access to US‑1.
  • Redevelopment opportunity with Historical Tax Credits available.
  • Flexible OIA zoning allows for a variety of uses: hotel, office, multifamily, mixed‑use, or institutional.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Computer & Electronic Repair Tanning Salon Catering Service Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - Vacant 1949 mixed-use property with hotel rooms, apartment units, and on-site parking for value-add repositioning.
Where is this hotel located?
The property is located at 1010 S Garnett Street Henderson, NC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High‑traffic location at a signalized intersection with **excellent visibility and direct access to US‑1**.; Redevelopment opportunity with Historical Tax Credits available.; Flexible OIA zoning allows for a variety of uses: hotel, office, multifamily, mixed‑use, or institutional.
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