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    OFF-MARKET
    Hospitality properties

    5253 Nc-226, Marion, NC 28752

    7,405 SF Built 1955
    Property ID
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a unique chance to capitalize on a prime location in McDowell County, North Carolina. Situated on nearly 2.5 acres (108,900 sq ft) at a highly visible four-way interchange of the Blue Ridge Parkway (Milepost 331) and NC Highway 226, this property boasts 1,547 feet of road frontage, including an impressive 450 linear feet of visibility on the Parkway itself. The existing structures, totaling 7,405 square feet across three buildings, previously housed a successful 20-room hotel, retail space, and a restaurant that generated over $600,000 in revenue during a six-month period. The property offers breathtaking 180-degree panoramic mountain views, making it an ideal location for a destination restaurant or other hospitality venture. The site is conveniently located near major area employers, including mining operations, manufacturing facilities, a regional hospital, and educational institutions, ensuring a strong local customer base. With a 2022 daily traffic count exceeding 12,000 vehicles on the surrounding highways, this property offers unparalleled visibility and access. The asking price is $685,000, representing a price per square foot of $92.51. The property's location within a short drive of Spruce Pine, Little Switzerland, Marion, I-40, and Lake James, along with its proximity to Asheville and Charlotte, further enhances its appeal. This is a rare opportunity to acquire a valuable asset in a thriving tourism region with a low tax environment and strong economic fundamentals. The buildings are one story high and were built in 1955. No specific zoning is permitted.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1955
    Total area 7,405 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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