201 Hill St Benson, NC 27504
- Commercial real estate
- 8,053 SF
- 0.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Hill St
- Year built
- 1910
- Lot size
- 0.49 lot acres
- Property size
- 8,053 SF
- Zone code
- OFR
- Property type
- Commercial real estate
- APN
- 1016032
- APU
- 1016032
Description
This stunning 8,340 square foot property located at 201 E Hill Street in Benson, NC, presents a unique investment opportunity. The historic Preston Woodall House is currently operating as a thriving bed and breakfast and a highly sought-after wedding venue. The property boasts an elegant ballroom exceeding 2,800 square feet, perfect for large-scale events. An outdoor wedding pavilion, complete with a waterfall and meticulously landscaped grounds, provides a picturesque setting for ceremonies. The sale includes all existing equipment, tables, chairs, and a collection of exquisite antique furniture, ensuring a seamless transition for the new owner. Situated on a 0.49-acre lot, this property offers ample space for both indoor and outdoor activities. The asking price of $899,900 is significantly below the assessed tax value, representing exceptional value for a turnkey operation in a desirable location. This established business is ready for a new owner to continue its success and capitalize on the growing demand for unique event spaces and charming bed and breakfasts in the Benson area. The property's rich history and impressive features make it an ideal investment for those seeking a profitable and prestigious venture. All aspects of the business are included in the sale, allowing for immediate operation and revenue generation. Don't miss this rare opportunity to acquire a fully equipped and established business in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $85,000
- 6.5%
- $80,000
- 7%
- $85,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $85,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $70,000
- Mixed-Use
- $75,000
- Hospitality
- $90,000
- Educational
- $80,000
- Residential Income
- $85,000
- Energy
- $70,000
- Income-Based Land
- $90,000
- Food Service
- $90,000
Location Insight
- Map
- Local Demand
- City
- Benson
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.5449
- Latitude
- 35.3826
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
