2848 Bragg Blvd Fayetteville, NC 28303-4174
- Hotels
- 9,600 SF
- 1.47 lot acres
Current Use by Public Records
- Knights Inn Fayetteville / Hotel
Property Details for 2848 Bragg Blvd
- Year built
- 1960
- Lot size
- 1.47 lot acres
- Property size
- 9,600 SF
- Zone code
- CC
- Property type
- Hotels
- APN
- 0428-12-7007
- APU
- 428127007
Description
This 63-key motel in Fayetteville, North Carolina presents a compelling investment opportunity. The property, situated at 2848 Bragg Blvd, boasts 27,728 square feet across three, two-story buildings, built in 1963 and renovated in 2022. It includes 63 parking spaces. Currently operating with staff only, the motel offers significant upside potential for an owner-operator. The absence of a third-shift desk represents a clear opportunity to increase revenue. An owner-operator could enhance profitability by overseeing daily operations and implementing improvements. The asking price is $2,550,000. This is an excellent opportunity for an owner-operator or investor seeking a hands-on approach or someone with management in place. The property is currently operating under the Knights Inn brand, but there's potential to switch to another brand. Please schedule an appointment before visiting to avoid disturbing staff and motel operations.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $495,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $775,000
- 6.5%
- $715,000
- 7%
- $665,000
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Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9274
- Latitude
- 35.0746
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
