1010 S Garnett Street Henderson, NC 27536

This redevelopment opportunity is located at the signalized intersection of S. Garnett Street and Raleigh Road, a high-traffic area in Henderson, NC. The property, originally built in 1949, features a 25-room former hotel with 4 additional apartment units. Most guest rooms include private baths, while some have shared community baths, reflecting mid-century hotel design. A breezeway connects the main building to a secondary structure that formerly operated as a restaurant. The site consists of three parcels totaling approximately 1.181 acres and includes dedicated on-site parking. The property is currently vacant and requires significant rehabilitation. The property is zoned OIA (Office, Institutional & Residential), allowing for various potential uses, including boutique or flagged hotel redevelopment, office or medical conversion, multifamily or workforce housing conversion, mixed-use redevelopment, or institutional or community use. The location is within walking distance of downtown and near regional medical facilities. The property benefits from strong visibility, direct access to US-1, and proximity to I-85, providing convenient regional connectivity to Raleigh and Durham. The property is being sold as-is. Historical tax credits are available. The building size is 13,800 square feet.