50-Unit Hotel With Retail
For Sale
Contact for pricing
Pending
407 National Highway, Thomasville, NC 27360
Two lodging structures accompany a commercial building containing three rented units, including a restaurant.
Property SizeContact for details
Days on Market196
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Property Features for 407 National Highway
General Information
Standard status
Pending
Class
B
Property subtype
Business for Sale, Multifamily, Hospitality
Zoning
C2
Occupancy
75%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Cap Rate
16%
Building Details
Buildings
3
Units
53
Listing Agency:
ARC Real Estate LLC
Listed By:
Andre Robert Cobbs · License #306940
(336) 210-6291
Source:
Crexi
Added: Apr 3
Changed: Oct 6
Last Checked: Oct 14 at 10:01PM
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 ARC Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 407 National Highway in Thomasville, NC, the property includes a 50-unit hotel across two hotel buildings. The hotel is operated on a weekly basis and currently reports fifty percent occupancy. The offering also includes a commercial retail building with three rented units, one of which is a restaurant. Reported performance metrics include a current 16% cap rate and a 25% pro forma cap rate.
Key Highlights
- 50‑unit hotel across 2 hotel buildings
- Currently operated on a weekly basis at fifty percent occupancy
- Commercial retail building with 3 rented units
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 20%
Electronics 2%
Family Dollar
Shops & Services
5,503 visits/mo
0.1 miles
Pantry
Shops & Services
4,847 visits/mo
0.1 miles
Sir Pizza
Dining
3,977 visits/mo
0.1 miles
Mobil
Shops & Services
3,068 visits/mo
0.2 miles
Pantry
Shops & Services
1,697 visits/mo
0.3 miles
Demographics for 27360, NC
47,165
Population
20,987
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
88.5 sq mi
ZIP Area
533
Density / Sq Mi
$60,898
Median Household Income
$40,029
Median Earnings
$853
Median Rent
$174,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Hotel - Two lodging structures accompany a commercial building containing three rented units, including a restaurant.
Where is this hotel located?
The property is located at 407 National Highway Thomasville, NC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 50‑unit hotel across 2 hotel buildings; Currently operated on a weekly basis at fifty percent occupancy; Commercial retail building with 3 rented units
