839 Medical Center Dr Wilmington, NC 28401
- Hotels
- 59,940 SF
- 2.00 lot acres
Current Use by Public Records
- Holiday Inn Express & Suites Wilmington West - Medical Park, an IHG Hotel / Hotel / Conference Center
Property Details for 839 Medical Center Dr
- Year built
- 2018
- Lot size
- 2.00 lot acres
- Property size
- 59,940 SF
- Zone code
- O&I-1
- Property type
- Hotels
- APN
- R06018-003-059-000
- APU
- R06018003059000
Description
This exceptional 109-key Holiday Inn Express & Suites hotel presents a compelling investment opportunity in Wilmington, NC. Built in 2019, this four-story, 59,940-square-foot property sits on a 2-acre lot (APN: R06018-003-059-000) and boasts an interior-corridor design. Its prime location near Wellington Avenue, Shipyard Boulevard, and Carolina Beach Road ensures easy access for commuters and guests alike, with high visibility and an average annual daily traffic count of approximately 35,700 vehicles. The hotel's proximity to beaches, cultural attractions, and recreational activities attracts a diverse clientele, including leisure travelers and families, while its location near medical facilities provides consistent demand, even during economic downturns. The strong Holiday Inn Express brand recognition further enhances its appeal and drives customer loyalty. This property is currently outperforming its competitive set in occupancy, ADR, and RevPAR (August 2024 STR Report). The asking price is $16,000,000, offering investors a chance to acquire a high-performing asset in a thriving market. The property is zoned O&I. This is a rare opportunity to acquire a well-established, high-performing hotel in a desirable location with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9328
- Latitude
- 34.1975
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
