25-Room Hotel
For Sale
$495,000
1010 S Garnett St, Henderson, NC 27536
Vacant OIA-zoned property with lodging, apartment, restaurant, and redevelopment components near downtown Henderson.
Property Size13,800 SF
Price / SF$35.87
Days on Market115
Property Features for 1010 S Garnett St
General Information
Standard status
Active
Size
13,800 SF
Building Details
Year Built
1949
Listing Agency:
Ninja Realty
(252) 915-2311
Listed By:
James Hutson · License #259143
Source:
Tcrnc
Added: May 8
Changed: Aug 30
Last Checked: Aug 25 at 8:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ninja Realty
Investment Insights
Based on property information with market context.
Built in 1949, this vacant 13,800-square-foot property includes a 25-room former hotel and 4 apartment units across three parcels totaling approximately 1.181 acres. Most guest rooms have private baths, while some use shared community baths. A breezeway links the primary lodging structure with a second building that previously housed a restaurant. Dedicated on-site parking serves the property, which requires substantial rehabilitation and is offered as-is.
The site occupies the signalized intersection of S. Garnett Street and Raleigh Road, with direct access to US-1 and proximity to I-85. Downtown is within walking distance, and regional medical facilities are nearby. OIA zoning supports potential hotel, office or medical, multifamily, mixed-use, institutional, or community redevelopment, subject to applicable approvals. Historical tax credits are available.
The site occupies the signalized intersection of S. Garnett Street and Raleigh Road, with direct access to US-1 and proximity to I-85. Downtown is within walking distance, and regional medical facilities are nearby. OIA zoning supports potential hotel, office or medical, multifamily, mixed-use, institutional, or community redevelopment, subject to applicable approvals. Historical tax credits are available.
Key Highlights
- 25‑room former hotel with 4 additional apartment units
- 13,800 square feet across three parcels totaling approximately 1.181 acres
- Built in 1949; property is vacant and requires substantial rehabilitation
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 27536, NC
15,998
Population
7,432
Households
2.2
Avg Household Size
40
Median Age
17%
College-Educated
83%
High-School Grad
12.1 sq mi
ZIP Area
1,322
Density / Sq Mi
$39,491
Median Household Income
$30,171
Median Earnings
$841
Median Rent
$120,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Vacant OIA-zoned property with lodging, apartment, restaurant, and redevelopment components near downtown Henderson.
Where is this hotel located?
The property is located at 1010 S Garnett St 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: 25‑room former hotel with 4 additional apartment units; 13,800 square feet across three parcels totaling approximately 1.181 acres; Built in 1949; property is vacant and requires substantial rehabilitation
