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Rocky Mount NC Conversion Opportunity 1340 N Wesleyan Blvd 151 Pièce Hôtel Rocky Mount, NC 27804 9 859 430 $ CAD (65 294 $ CAD/Pièce)
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Faits saillants de l'investissement
- Hotel Conversion Opportunity: 151-key hotel (41 rooms w/ kitchenettes + 110 standard rooms) with a defined path to 151 multifamily units.
- ~$70K All-In Basis: Illustrative acquisition and conversion basis of ~$70,000 per unit, meaningfully below new construction cost.
- Rocky Mount Employment Base: Anchored by Pfizer, Cummins Rocky Mount Engine Plant, Nash UNC Health, and QVC.
- Cost & Timeline Advantages: Recent renovations, sprinklered systems, and in-place plumbing/electrical reduce conversion scope.
- Wesleyan Blvd Corridor: On Rocky Mount’s primary commercial corridor with retail, services, and I-95 access.
- I-95 Regional Access: Direct I-95 access connecting Rocky Mount to Raleigh, Richmond, Norfolk, and Eastern NC.
Résumé de l'annonce
Marcus & Millichap is pleased to present the Rocky Mount NC Conversion Opportunity, a 151-key hotel property located on Wesleyan Blvd in Rocky Mount, North Carolina, offering a compelling hotel-to-multifamily conversion opportunity. Originally built as a hotel in 1987 and renovated in 2023 to Days Inn Standards, the property currently operates as a Days Inn and includes 110 standard hotel rooms and 41 rooms with kitchenettes.
Hotel-to-multifamily conversions have emerged as a favored value-add strategy, offering meaningful cost and timeline advantages versus new construction. The property’s recently renovated rooms, existing sprinklered fire protection, individually served plumbing and electrical, elevator systems, and building envelope provide an efficient conversion basis, translating one-to-one from 151 hotel keys to 151 multifamily units. An illustrative all-in basis of approximately $70,000 per unit, inclusive of acquisition and conversion capex, positions the opportunity meaningfully below prevailing new construction costs for comparable multifamily product in Eastern North Carolina.
The Rocky Mount NC Conversion Opportunity sits on Rocky Mount’s primary commercial corridor, providing direct access to retail, services, and I-95. Rocky Mount anchors a diversified Eastern North Carolina economy along the I-95 corridor, home to major employers including Pfizer, Cummins Rocky Mount Engine Plant, Nash UNC Health, and QVC. The market sits roughly one hour northeast of Raleigh and benefits from direct I-95 access to Richmond, Norfolk, and other major East Coast metros, supporting steady rental demand across the region.
Hotel-to-multifamily conversions have emerged as a favored value-add strategy, offering meaningful cost and timeline advantages versus new construction. The property’s recently renovated rooms, existing sprinklered fire protection, individually served plumbing and electrical, elevator systems, and building envelope provide an efficient conversion basis, translating one-to-one from 151 hotel keys to 151 multifamily units. An illustrative all-in basis of approximately $70,000 per unit, inclusive of acquisition and conversion capex, positions the opportunity meaningfully below prevailing new construction costs for comparable multifamily product in Eastern North Carolina.
The Rocky Mount NC Conversion Opportunity sits on Rocky Mount’s primary commercial corridor, providing direct access to retail, services, and I-95. Rocky Mount anchors a diversified Eastern North Carolina economy along the I-95 corridor, home to major employers including Pfizer, Cummins Rocky Mount Engine Plant, Nash UNC Health, and QVC. The market sits roughly one hour northeast of Raleigh and benefits from direct I-95 access to Richmond, Norfolk, and other major East Coast metros, supporting steady rental demand across the region.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Faits sur la propriété
| Prix | 9 859 430 $ CAD | Taille du bâtiment | 55 602 pi² |
| Prix par chambre | 65 294 $ CAD | Nombre de pièces | 151 |
| Type de vente | Investissement | Nombre d’étages | 2 |
| Type de propriété | Services hôteliers | Année de construction/rénovation | 1987/2023 |
| Sous-type de propriété | Hôtel | Ratio de stationnement | 2,7/1 000 pi² |
| Classe d’immeuble | C | Corridor | Extérieur |
| Taille du lot | 5,98 AC | ||
| Zonage | I2 | ||
| Prix | 9 859 430 $ CAD |
| Prix par chambre | 65 294 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Services hôteliers |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | C |
| Taille du lot | 5,98 AC |
| Taille du bâtiment | 55 602 pi² |
| Nombre de pièces | 151 |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1987/2023 |
| Ratio de stationnement | 2,7/1 000 pi² |
| Corridor | Extérieur |
| Zonage | I2 |
Commodités
- Piscine
- Accès Internet à haute vitesse
- Patio
- Accès Wi-Fi public
- Cuisine entièrement équipée
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Suite | 43 | 95,78 $ CAD | - |
| Guest Room | 108 | 85,92 $ CAD | - |
1 1
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéro de lot | 3851-19-52-8474 | Évaluation des bâtiments | 5 209 117 $ CAD |
| Évaluation du terrain | 1 019 747 $ CAD | Évaluation totale | 6 228 864 $ CAD |
Impôts fonciers
Numéro de lot
3851-19-52-8474
Évaluation du terrain
1 019 747 $ CAD
Évaluation des bâtiments
5 209 117 $ CAD
Évaluation totale
6 228 864 $ CAD
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Rocky Mount NC Conversion Opportunity | 1340 N Wesleyan Blvd
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