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    FOR SALE
    Motels

    310 W Church St, Richfield, NC 28137

    3,726 SF 1.14 ac lot Built 1956
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US53-2058444
    Property summary
    AI-generated overview

    This exceptional 2.58-acre commercial property, located at 310 W Church Street in Richfield, NC, presents a remarkable investment opportunity. Situated on a highly visible corner lot at a main intersection, this property boasts three convenient ingress and egress points, ensuring optimal accessibility for customers and employees. The expansive lot size offers significant development potential, catering to a wide range of commercial ventures. Envision the possibilities: a thriving apartment complex, a bustling retail center, a much-needed gas station, a convenient car wash, or a popular restaurant. The property's strategic location within a rapidly expanding area guarantees high visibility and strong potential for return on investment. This is an unparalleled chance to capitalize on the remarkable growth trajectory of Richfield, NC. The asking price is $1,500,000. Serious inquiries only. The property is currently vacant and ready for immediate development. Don't miss this exceptional chance to secure a prime commercial location in a booming market.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1956
    Total area 3,726 SF
    Lot 1.14 ac (49,658 SF)
    Zoning code H-B
    APN 662201380869
    UPID US53-2058444
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Garden Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Richfied Garden Inn LLC · 13 yrs held
    Richfied Garden Inn LLC
    since 2012
    2 recorded transactions
    2012
    2010
    Zoning & alternative use
    H-B · Richfield, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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