1957 Cedar Crk Rd Fayetteville, NC 28312-9543
- Hotels
- 4,744 SF
- 4.08 lot acres
Sep 20, 2021
Current Use by Public Records
- Quality Inn & Suites Fayetteville I-95 / Hotel & Motel
Property Details for 1957 Cedar Crk Rd
- Year built
- 1984
- Lot size
- 4.08 lot acres
- Property size
- 4,744 SF
- Zone code
- CC
- Property type
- Hotels
- APN
- 0455-28-5380
- APU
- 455285380
Description
This profitable 114-key Quality Inn & Suites Fayetteville motel presents a compelling investment opportunity. Located at 1957 Cedar Creek Rd, Fayetteville, NC 28312, this established property sits on a 4.08-acre lot and offers 175 parking spaces (a 1.54:1 ratio). Built in 1984 and extensively renovated in 2017, the motel is in excellent condition and ready for immediate operation. The asking price is $5,850,000, translating to a price per key of $51,316. The property benefits from its location within a thriving community, boasting a median household income of $64,973 within a one-mile radius. This strong local demographic contributes to the motel's consistent occupancy and revenue generation. The property's size, recent renovations, and favorable location combine to create a strong potential for return on investment. This is a turnkey operation ideal for an experienced hospitality investor seeking a well-established and profitable asset in a desirable market. The property's financial performance data is available upon request. This is a rare opportunity to acquire a fully operational and successful motel in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,810,000
- ML approach
- $2,690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,857,000
Market price range: $662k - $2.88M
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Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8244
- Latitude
- 35.0091
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA