2848 Bragg Blvd Fayetteville, NC 28303-4174
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.
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Knights Inn Fayetteville Hotel & Motel
ase Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District 30-3.E.8. Light Industrial (LI) District 30-3.E.9. He…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Fayetteville, NCase Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District 30-3.E.8. Light Industrial (LI) District 30-3.E.9. Heavy Industrial (HI) District 30-3.E.10. Downtown 1 (DT-1) District 30-3.E.11. Down
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.