48-Room Hotel with Development
For Sale
$6,200,000
240 Mitchelle Dr, Hendersonville, NC 28792
Two parcels pair an established lodging property with a second site ready for commercial development.
Property Size22,606 SF
Price / SF$274.26
Days on Market662
Property Features for 240 Mitchelle Dr
General Information
Standard status
Active
Size
22,606 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Looking Glass Realty, Saluda
Listed By:
Amy Wood amywood@lookingglassrealty.com
Source:
Judy.lakenormanhomeguide
Added: Dec 19, 2024
Changed: Oct 11
Last Checked: Oct 11 at 2:23PM
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 Looking Glass Realty, Saluda
Investment Insights
Based on property information with market context.
The property includes a 48-room Red Roof Inn, built in 2002, with an associated parking lot. Across two parcels totaling 3.87 acres, the hotel is paired with a second, shovel-ready site suited to additional commercial development. The property is zoned C-3.
Water, sewer, natural gas, a three-phase power line, and stormwater management are in place. The site has access to two major highways and is approximately five minutes from downtown Hendersonville, North Carolina.
Water, sewer, natural gas, a three-phase power line, and stormwater management are in place. The site has access to two major highways and is approximately five minutes from downtown Hendersonville, North Carolina.
Key Highlights
- 48‑room Red Roof Inn built in 2002
- Two parcels totaling 3.87 acres
- Second parcel is shovel ready for development
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Two parcels pair an established lodging property with a second site ready for commercial development.
Where is this hotel located?
The property is located at 240 Mitchelle Dr Hendersonville, NC.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 48‑room Red Roof Inn built in 2002; Two parcels totaling 3.87 acres; Second parcel is shovel ready for development
