Commercial Real Estate in North Carolina available for sale
Motels For Sale

Motels for Sale in North Carolina, USA

More details for 10118 Blackwell Rd SE, Belville, NC - Land for Sale

Brunswick Co NC 26 AC Gateway Commercial Site - 10118 Blackwell Rd SE

Belville, NC 28451

  • Motel
  • Land for Sale
  • $13,411,202 CAD
  • 26.64 AC Lot

Belville Land for Sale - Leland

Build the next big thing in booming Brunswick County, North Carolina, by acquiring this development-ready tract presented by SVN | Efird Commercial Real Estate. 10118 Blackwell Road SE spans approximately 26 acres with valuable arterial roadway frontage along US 17 Ocean Highway (Highways 17/76/74). This is a truly shovel-ready opportunity with water, sewer, natural gas, fiber optic, and heavy power available at the site. Additionally, a road system is in place to access the entire property, and NCDOT has approved a 30-foot commercial driveway entrance off Blackwell Road. Zoned BH-Business Highway, developers will have immense flexibility to build mixed-use projects at this site. Approved BH uses include hotels, restaurants, shopping centers, grocery stores, gas stations/convenience stores, and more. The site may also be rezoned for multifamily apartment use, and the expert brokerage team can assist in this process. Brunswick County has sparked significant interest from major real estate players as one of the fastest-growing counties in both North Carolina and the US. Just from 2022 to 2026, roughly 923,000 square feet of commercial space has been delivered within a 10-minute drive of the site, underpinning the market’s brimming demand. This level of investment was spurred by unprecedented migration and income growth. As part of the Wilmington MSA, which borders the Myrtle Beach MSA, Brunswick County is a major beneficiary of the region’s multifaceted economy. Historically prominent sectors, such as logistics, tourism, healthcare, and aviation, have continued to anchor the economy. Meanwhile, office-using employment in the Wilmington market increased by 22.6% from 2020 through 2025, highlighting this ever-diversifying landscape. 10118 Blackwell Road SE is strategically positioned to maximize any development’s exposure to this thriving market, thanks to its freeway visibility and easy access to destinations such as Historic Downtown Wilmington, Wilmington International Airport, water port terminals, and Wrightsville Beach. Join in on the exciting transformations of this unique market by securing the prime development site at 10118 Blackwell Road SE today. Get in touch.

Contact:

SVN | Efird Commercial Real Estate

Property Subtype:

Commercial

Date on Market:

2025-03-28

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More details for 213 Cape Fear Blvd, Carolina Beach, NC - Land for Sale

213 Cape Fear Blvd

Carolina Beach, NC 28428

  • Motel
  • Land for Sale
  • $5,405,535 CAD
  • 0.57 AC Lot

Carolina Beach Land for Sale

RARE REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING AVAILABLE - CAROLINA BEACH, NC Located in the heart of one of the East Coast's fastest growing beach towns, this mixed-use property is your gateway to a high ROI redevelopment project just steps from the ocean FLEXIBLE OWNER FINANCING OPTIONS You don't need a bank. We are making it easy for visionary developers and investors. *Only 20% down *Competitive interest rates *We have no lien so we can be the bank *Avoid restrictive conditions compared to traditional financing WHY CAROLINA BEACH? *Booming real estate market with year-over-year growth *Heavy summer tourism + growing off-season rental market *Easy access to Wilmington, NC (20 minute away) *Supportive local government for redevelopment and investment *Maximum 50' building height *Demand for long term rentals for locals and remote workers seeking a coastal lifestyle *Property appreciation-Carolina beach has a history of strong property appreciation This charming coastal town has a blend of classic beach nostalgia and modern charm. From fireworks and live music on the boardwalk to parks and outdoor recreation, Carolina Beach offers a lifestyle that draws millions each year-and this property is right in the center of it all. ABOUT THIS PROPERTY This property consists of a total of 4 lots. 3 of the lots are located at 213 Cape Fear Blvd and includes a 2 story 18 room motel and a house with an office and an apartment. The 4th lot connects to the back of the motel and is addressed at 218 Charlotte Ave. This is a vacant lot and is deeded separate from the other 3 lots. UNMATCHED LOCATION This is your opportunity to invest in one of the most sought-after areas on the Carolina coast. Located just a few blocks from the historic boardwalk, restaurants, shops, entertainment and the beautiful Atlantic Ocean. The flexible mixed-use zoning makes it ideal for a variety of redevelopment uses. Beach-close properties in this zone are becoming increasingly rare-don't miss this opportunity Buyers, renters and vacationers all want to be close to the boardwalk and beach-and this location delivers. READY TO BUILD YOUR VISION? Whether you're a developer, investor or visionary business owner, this property has endless possibilities. Call today for more information or to schedule a private tour with the owner. PLEASE NOTE: This property no longer has a pool. Updated pictures coming soon.

Contact:

Russo's Motel

Property Subtype:

Commercial

Date on Market:

2025-08-14

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More details for Long Beach Rd, Southport, NC - Land for Sale

Lot 2B - Long Beach Rd

Southport, NC 28461

  • Motel
  • Land for Sale
  • $1,710,612 CAD
  • 6.84 AC Lot
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More details for 216 E Park Ave, Charlotte, NC - Land for Sale

SouthEnd Dilworth - 216 E Park Ave

Charlotte, NC 28203

  • Motel
  • Land for Sale
  • $2,463,282 CAD
  • 0.23 AC Lot
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More details for 240 Mitchelle Dr, Hendersonville, NC - Hospitality for Sale

Red Roof Inn + Adtl PIN with I-26 visibility - 240 Mitchelle Dr

Hendersonville, NC 28792

  • Motel
  • Hospitality for Sale
  • $8,484,638 CAD
  • 22,392 SF
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More details for 943 Highway 64 Business, Hayesville, NC - Office for Sale

943 Highway 64 Business

Hayesville, NC 28904

  • Motel
  • Office for Sale
  • $368,124 CAD
  • 1,200 SF

Hayesville Office for Sale

Your chance to be a part of the Hayesville Square - Downtown Mixed-Use Gem FOR SALE — $269,000 Turnkey mixed-use building in the heart of downtown Hayesville Property Overview A rare opportunity to own a fully renovated, flexible-use building steps from Hayesville’s historic square. Originally a law office, this space has been completely transformed with modern systems, thoughtful design, and energy-efficient updates — ready for retail, professional use, or residential living. With its updated exterior, low-maintenance lot, and walkable downtown setting, 943 US-64 Business is perfect for a small business, a weekend retreat, or a smart investment property with short or long-term rental potential. Highlights Fully renovated (2023) — new HVAC, plumbing, and electrical Flexible zoning — ideal for residential, office, or retail 1 bedroom / office, 1 full bath with shower, open-concept kitchen/living Modern kitchen with butcher-block counters, open shelving, full-size appliances Laundry room with washer/dryer hookups Sealed crawl space with professional vapor barrier and dehumidifier Updated exterior with new siding, metal roof, cedar posts, and wire-panel porch railing Low-maintenance landscaping with river rock beds and timber retaining wall Walking distance to restaurants, shops, yoga studio, and the new boutique inn under renovation on Herbert Street Investment Appeal Flexible income potential — turnkey setup for Airbnb, long-term rental, or mixed-use lease High visibility along US-64 Business with easy parking Rapidly growing downtown corridor with locally owned shops, galleries, and restaurants Strong community tourism from Lake Chatuge, John C. Campbell Folk School, Jack Rabbit trails, and Georgia Mountain Fairgrounds Contact Offered FSBO?Call or text Mike??? 678-525-7786

Contact:

WHMP

Property Subtype:

Office/Residential

Date on Market:

2025-10-12

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More details for 1568 Sand Hill rd, Candler, NC - Land for Sale

Candler Property - 1568 Sand Hill rd

Candler, NC 28715

  • Motel
  • Land for Sale
  • $5,283,740 CAD
  • 2.86 AC Lot

Candler Land for Sale - Buncombe County

Corner Parcel Development Opportunity — Parcel 1 Outstanding opportunity to acquire Parcel 1, a highly visible corner lot located in the thriving and rapidly growing Candler / West Asheville corridor. This parcel represents a prime development site with exceptional exposure and accessibility in one of Buncombe County’s most active growth areas. Ideally situated less than ten miles from Downtown Asheville, the property benefits from prominent frontage and immediate proximity to US-19/23 (Smoky Park Highway), a major regional arterial carrying approximately 20,000–28,000 vehicles per day. MLS: 4330176 The Candler area functions as a key gateway between Asheville’s expanding suburbs and surrounding rural communities, further enhancing the site’s long-term value. The parcel offers favorable topography, strong road presence, and nearby utilities, with zoning flexibility subject to buyer verification. The tax value is derived from the total assessed value of the 9.35-acre tract and prorated to reflect the 2.86-acre parcel. Parcel: 1 (portion of larger tract) Location: Candler, NC Site Type: Corner lot with excellent visibility Access: Convenient to I-40, I-26, and Downtown Asheville Potential Uses: Commercial (subject to zoning approval) Nearby Attractions & Major Employers - A-B Tech (Asheville–Buncombe Technical Community College) - Biltmore Lake - New Belgium Brewing – Distribution Facility - Buncombe County Sports Complex - Pratt & Whitney – 1,000,000± SF manufacturing facility Highlights - Prime corner location in a high-growth market - Exceptional visibility along a heavily traveled corridor - Strong access and development appeal - Ideal opportunity for developers or investors seeking a strategic presence in West Asheville/Candler This parcel offers a compelling combination of location, exposure, and growth dynamics that is increasingly difficult to find in the Asheville market.

Contact:

FIRC Group - N.C., Inc.

Property Subtype:

Commercial

Date on Market:

2025-09-25

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More details for 86 Lily Pad Ln, Flat Rock, NC - Hospitality for Sale

Highland Lake Inn & Resort - 86 Lily Pad Ln

Flat Rock, NC 28731

  • Motel
  • Hospitality for Sale
  • $8,895,185 CAD
  • 60,759 SF
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More details for 156 Hampton Circle, Laurinburg, NC - Land for Sale

Scotland Crossing Parcel 4 - 156 Hampton Circle

Laurinburg, NC 28352

  • Motel
  • Land for Sale
  • $684,245 CAD
  • 0.70 AC Lot
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More details for Qualla Cabins and Motel – Hospitality for Sale, Whittier, NC

Qualla Cabins and Motel

  • Motel
  • Hospitality for Sale
  • $7,526,695 CAD
  • 14,600 SF
  • 2 Hospitality Properties
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More details for 290 N Main St, Robbinsville, NC - Hospitality for Sale

Phillips Historic Motel & Cottages - 290 N Main St

Robbinsville, NC 28771

  • Motel
  • Hospitality for Sale
  • $1,149,532 CAD
  • 9,343 SF

Robbinsville Hospitality for Sale

Prime Investment Opportunity: Historic Motel in Robbinsville, NC. Own a charming 21-25 room historic motel in the heart of Robbinsville, a bustling tourist destination in western North Carolina. The owner, over 70, is ready to retire, offering a turnkey business with a loyal customer base and growing demand. Key Features: Location: Just 1 mile from Lake Santeetlah and near iconic roads like the Tail of the Dragon and Cherohala Skyway, drawing motorcyclists, car enthusiasts, hikers, and rafters. Close to Joyce Kilmer Memorial Forest, Great Smoky Mountains, and Nantahala Gorge. Property: Built in the 1940s, this state-designated historic motel offers 21 rooms (various configurations, $90-$150/night) plus 2 apartments. Includes a 5-bedroom, 4-bath owner’s home, which can be reconfigured for 3-4 additional guest rooms. Features cozy courtyards with 3 fire pits. Optional Add-On: Six adjacent vacation rental homes (4 cottages at $200/night, 2 duplexes at $300+/night) in excellent condition, available for $860,000. Motel Price: $840,000 (cottages optional). Business Outlook: Consistent weekend sell-outs during high season, fueled by 60% drive-tourism. A 2025 economic boost from a new factory employing 200-500 people in a rental-scarce town enhances investment potential. Why Invest? This historic motel, with its prime location and established reputation, is ideal for an owner-operator or investor looking to capitalize on Robbinsville’s thriving tourism and growing rental demand.

Contact:

Nantahala Real Estate Company

Property Subtype:

Hotel

Date on Market:

2025-08-26

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More details for 321 Dougherty St, Greensboro, NC - Land for Sale

2437 Randleman Road - 321 Dougherty St

Greensboro, NC 27406

  • Motel
  • Land for Sale
  • $6,527,697 CAD
  • 5.74 AC Lot
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More details for 8560 Weddington Rd, Concord, NC - Land for Sale

Prime School Or Office Property - 8560 Weddington Rd

Concord, NC 28027

  • Motel
  • Land for Sale
  • $2,039,050 CAD
  • 2.33 AC Lot
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More details for 101 Old Hendersonville Hwy, Brevard, NC - Retail for Sale

101 Old Hendersonville Hwy

Brevard, NC 28712

  • Motel
  • Retail for Sale
  • $1,573,763 CAD
  • 7,000 SF
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More details for 447 Lily Pad Ln, Flat Rock, NC - Specialty for Sale

Resort, Camp, Event Space with Lake Access - 447 Lily Pad Ln

Flat Rock, NC 28731

  • Motel
  • Specialty for Sale
  • $4,663,814 CAD
  • 24,582 SF
  • Air Conditioning
  • Waterfront

Flat Rock Specialty for Sale - Henderson County

Tucked along the serene shores of Highland Lake and surrounded by the cultural richness of Flat Rock, 447 Lily Pad Lane offers a rare opportunity to transform nearly 5 acres of gently sloping, wooded lakefront into a best-in-class destination. Envisioned as a boutique resort or wellness retreat, the site sits adjacent to two of the region’s most established hospitality anchors: Highland Lake Inn & Resort and Season’s Restaurant, creating a seamless integration into an already thriving leisure corridor. With over 24,000 square feet of existing improvements, including a former lodge and educational building, the property offers immediate development potential supported by strong infrastructure, flexible zoning, and scenic vistas from nearly every angle. Guests will enjoy direct access to the lake, lush open spaces, and proximity to some of Western North Carolina’s most beloved attractions, including the Flat Rock Playhouse, Carl Sandburg Home National Historic Site, and nearby vineyards, trails, and golf courses. Whether redeveloped as luxury lodging, event space, or a wellness-forward concept, the property's generous scale allows for curated outdoor programming, private suites with water views, and common areas designed around the beauty of the landscape. With demand rising in Flat Rock's experiential travel market and limited supply of high-end boutique inventory, 447 Lily Pad Lane offers developers and investors a one-of-a-kind platform to deliver a transformative hospitality product, just 30 minutes from Asheville, yet a world apart.

Contact:

Whitney Commercial Real Estate Services

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-08-12

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More details for 420 W Ritchie Rd, Salisbury, NC - Land for Sale

Ritchie Rd Property - 420 W Ritchie Rd

Salisbury, NC 28147

  • Motel
  • Land for Sale
  • $1,040,052 CAD
  • 5 AC Lot
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More details for 855 N NC Highway 109, Thomasville, NC - Land for Sale

855 N NC Highway 109

Thomasville, NC 27360

  • Motel
  • Land for Sale
  • $1,300,065 CAD
  • 28.09 AC Lot
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More details for 9999 Sylva Road, Franklin, NC - Land for Sale

9999 Sylva Road

Franklin, NC 28734

  • Motel
  • Land for Sale
  • $1,710,612 CAD
  • 9 AC Lot
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More details for 319 N Renfro St, Mount Airy, NC - Industrial for Sale

319 N Renfro St

Mount Airy, NC 27030

  • Motel
  • Industrial for Sale
  • $2,600,131 CAD
  • 22,700 SF
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More details for 385 Memorial Dr, Roxboro, NC - Land for Sale

183.85 Acres, 30 minutes north of Durham, NC - 385 Memorial Dr

Roxboro, NC 27573

  • Motel
  • Land for Sale
  • $3,558,074 CAD
  • 183.85 AC Lot

Roxboro Land for Sale - Person County

183.85 Vacant Acres consisting of #5 contiguous Parcels located adjoining Piedmont Community College and Northern Middle School with Triple Road Frontages (1,063 Feet frontage on Memorial Drive, 351 Feet Frontage on Cavel-Chub Lake Rd. , 60’ Frontage on Perkins Road ) 10 Minutes South of the recently acquired 1335 Acre MICROSOFT SITE, 30 Minutes North of Durham, North Carolina, adjacent to “The Research Triangle” area of North Carolina. This property is currently Multi-Zoned ( Residential 6, Business 1, and RC ). *** Electricity is currently served by Duke Energy 115KV lines existing on site, which can serve site w/ 50 Megawatts, There is a 500KV Substation within 1000 Feet, ***Possibility of serving 100+ Megawatts for the right project according to Duke Energy's Senior Economic Development Manager located in Raleigh, North Carolina *** *Entire acreage may be annexed into the Roxboro City Limits in order to provide ALL Utilities as they are currently available at the site, as two properties which front Memorial Drive are currently inside the Roxboro City Limits, with the other three properties currently in the Person County limits. New ALTA Boundary and Topographic Surveys have just been completed. Recent engineering site plan has been completed reflecting #150++ single family lots, however, multiple uses may be available on this property due to its’ #3 different Zoning classifications i.e. Single Family, Multi-Family, Commercial,Manufacturing, Industrial, etc. Roxboro is a city in and the county seat of Person County in the U.S. state of North Carolina. The population was 8,134 at the 2020 census. The city is 30 miles (48 km) north of Durham and is a part of the four-county Durham–Chapel Hill Metropolitan Statistical Area, which has a population of 649,903 as of the 2020 Census. The Durham–Chapel Hill MSA is a part of the larger Raleigh–Durham–Cary Combined Statistical Area, which has a population of 2,043,867 as of the 2020 Census. ***Listing Price INCLUDES this property being fully engineered and fully entitled for 150+ Single Family Residential lots , OR, it may be purchased without any engineering or entitlements. The listing broker is the Seller.

Contact:

RE/MAX Select

Property Subtype:

Industrial

Date on Market:

2025-06-24

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More details for 7920 E Washington Street Ext, Mebane, NC - Specialty for Sale

Historic Event and Wedding Venue - 7920 E Washington Street Ext

Mebane, NC 27302

  • Motel
  • Specialty for Sale
  • $3,010,678 CAD
  • 4,951 SF
  • Air Conditioning

Mebane Specialty for Sale - Orange County

The White House on Washington Street is the historic home of the storied White furniture family, leaders of North Carolina’s early furniture manufacturing aristocracy. An area landmark since its construction in 1890, the stately residence of approximately 5000 sq ft sits on 5.6 acres and is located within a half mile of “Positively Charming” downtown Mebane, NC. (“Positively Charming” is the town motto and is well deserved.) WHW combines spectacular interior spaces with incredible light, beautiful windows, and a wealth of architectural details. It is surrounded by manicured lawns and nestled among massive oak, pecan, and black walnut trees, roses, azaleas, and a pastoral pond. The property is a photographer’s paradise and a glimpse into the graciousness of NC history. The property is perfect for both indoor events and outdoor gatherings. Its 900 sq ft patio and 2400 sq ft covered pavilion with enormous chandeliers, offer beautiful views of the house, the pond and the lawns. Gracious interior spaces can comfortably accommodate approximately 100 guests. Built in the late 1800s, the property has recorded documents that reach far back into the late 18th century. The structure today has evolved over the last 130+ years and was the family home of the owners of the company that almost single-handedly drove the first century of Mebane’s growth. Five years ago, this stately home was massively renovated, including: a completely new roof, completely new electrical and HVAC, and completely new plumbing. The kitchen was expanded for catering service, and all interior space, including floors, walls, ceilings, lighting fixtures, staircases, and bathrooms, were painstakingly restored. Existing porches were expanded and a large upstairs deck added to offer space for intimate weddings and small parties/meetings. The White House on Washington Street was completed in 2020, with great excitement and bookings including being honored to host the Mayor of Mebane’s wedding as its inaugurating event! Unfortunately, Covid put a stop to the business just as the venue was launching. Gradually reopened months ago, WHW has again received a warm reception as a unique and gracious option for events, weddings and parties. A robust formal Afternoon Tea service has been resumed three days a week and caters to a receptive and appreciative audience from a large surrounding area. WHW enjoys an ongoing relationship with a nearby, well-established catering operation, capable of any level of participation in booking, marketing and catering. This offers the potential new owners an opportunity to move seamlessly forward with bookings already in existence, as well as immediate capitalization on the steady flow of new event inquiries without undue organizational burden and startup delays. The excellent existing onsite manager is also enthusiastic about the opportunity to continue in that roll with a new owner. All necessary fixtures and furnishings related to the operation of the business are to be included in the sale. Location Description Mebane is perfectly located between the Triad and Triangle regions of North Carolina, with a large and growing market for event and venue space. It is considered one of the top ten fastest-growing areas in the United States. The town, charming historic Mebane, is becoming one of the most popular municipalities in North Carolina; a hub for regional leisure and recreational activities. Downtown serves as the center for community engagement and is rich with diverse small businesses, nightlife, and dining options. Additionally, Mebane is surrounded by six major university and college campuses within a short drive, including Duke, UNC Chapel Hill, NC State, and Elon University. With its strategic positioning and dynamic surroundings, the area presents an exciting investment opportunity for the astute investor.

Contact:

eXp Commercial

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-06-14

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More details for 0000 Church Extension St, Elizabeth City, NC - Land for Sale

0000 Church Extension St

Elizabeth City, NC 27909

  • Motel
  • Land for Sale
  • $205,273 CAD
  • 1.03 AC Lot

Elizabeth City Land for Sale

Approximately one acre zoned Office & Institutional (O&I) in a high-traffic, high-visibility area of Elizabeth City. Strategically located near hotels, shopping centers, theaters, and rooftops, this site offers exceptional access to both the US Hwy 17 Business and Bypass routes. Positioned at the gateway to one of the most actively developing corridors in Elizabeth City and Pasquotank County. Multiple parcels are available, allowing for a combined total of approximately 2.14 acres. Additional properties on the same block may also be available, bringing the total to over 10 contiguous acres of developable land zoned O&I and I-1 (Industrial). Please refer to current listings for the most accurate and up-to-date availability. Elizabeth City serves as the economic and service hub of Northeastern North Carolina, drawing from a regional population of nearly 90,000 across Pasquotank, Perquimans, Camden, Gates, and Chowan counties. Additionally, Elizabeth City is quickly finding itself to be a weekend getaway, passthrough town to travelers in route to the Outer Banks and much more. With 3 colleges and universities focused on both education and trade, Elizabeth City is positioning itself for the coming growth. This site places your business in the heart of a rapidly growing market—where healthcare, education, retail, and government services converge to meet regional demand. Permitted uses under O&I zoning include but are not limited to: duplexes and accessory dwellings, government offices, athletic fields, public parks and recreational facilities, outdoor theaters, and various retail and service establishments.

Contact:

Water Street Real Estate Group

Property Subtype:

Commercial

Date on Market:

2025-06-10

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More details for 6205 Ramada Dr, Clemmons, NC - Hospitality for Sale

Village Inn Clemmons/Winston Salem, Trademark - 6205 Ramada Dr

Clemmons, NC 27012

  • Motel
  • Hospitality for Sale
  • $10,263,675 CAD
  • 62,524 SF
  • Fitness Center
  • Pool
  • Restaurant

Clemmons Hospitality for Sale

Executive Summary Positioned for Performance. Poised for Possibility. The Village Inn Hotel & Event Center presents a compelling opportunity for investors seeking stabilized income with built-in flexibility for future repositioning. Located in the high-growth Clemmons submarket near Winston-Salem, this 104-unit property generates consistent revenue through a mix of traditional hotel rooms and fully furnished apartment-style units, supported by strong group demand and event-driven bookings. Recent capital improvements, flexible zoning, and proximity to major employers, regional sports complexes, and higher education institutions make this asset uniquely adaptable—whether retained as a full-service hotel, transitioned into a multifamily rental community, converted to higher education housing, or sold off as individual condominiums. Ownership will consider all offers that reflect the property’s strong hospitality fundamentals, event and catering income, and strategic Triad location. Full financial modeling is available for apartment and campus conversion strategies. Additionally, an adjacent 8-acre parcel is available for purchase, creating the potential for expanded development alongside this highly versatile asset. Offering Summary Financial • Listing Price: $7,500,000 • Net Operating Income (2025 Proj.): $931,041 • 29.05% EBITDA margin (2025 Proj.) • Cap Rate: 10.34% • Room Revenue Multiplier (RRM): 4.73 • Price/Room: $86,500 • Occupancy (2025 Proj.): 60.30% • ADR: $92.50 • RevPAR: $55.78 • Gross Revenue $2,827,945 (2024) Operational • Gross Building Area: 102,095 SF • Total Units: 104 (60 hotel rooms + 44 apartment-style units) • Lot Size: 6.79 acres • Year Built / Renovated: 1973 / 2024 Demand Generators The Village Inn’s operating strength is anchored by recurring demand from SMRF (State, Military, Religious, Fraternal) groups, who book multi-day conferences and typically utilize both lodging and banquet services. Many of these clients return annually or biannually, with events secured far in advance. Additional demand is consistently generated from major sports complexes less than two miles away, including Rise Indoor Sports and the Truist/BB&T Soccer Park, which host regional tournaments year-round. The property also benefits from overflow business during the High Point Furniture Market, and its proximity to Wake Forest University, Winston-Salem State, and Salem College creates steady university-related lodging. The Benton Convention Center, located just 10 miles away, frequently fills to capacity, pushing group demand and overnight stays to the Village Inn multiple times per year. Although the property is located near I-40, it captures minimal off-the-highway transient traffic due to surrounding economy-branded competition. Its strategic positioning instead appeals to repeat business, group travelers, and extended-stay guests seeking value and full-service offerings. Recent Capital Improvements & Repositioning Strategy Since 2022, ownership has invested in a strategic repositioning of the Village Inn Hotel & Event Center to better serve the regional workforce housing market and extended-stay guests. This repositioning included multiple phases of apartment-style suite conversions: August 2022: 52 traditional guest rooms were converted into 26 furnished apartment-style units, each featuring a living room, kitchenette, and two full bathrooms. This project, which began in October 2021, reduced the total room count from 141 to 118. July 2024: An additional 22 rooms were converted into 11 furnished apartments, continuing the apartment-style format with living room, kitchenette, and two bathrooms. This phase began in January 2024, reducing the total room count from 118 to 107. January 2025: 6 more rooms were converted into 3 furnished apartments, completing the transformation to 44 total apartment-style suites, and reducing the total room count to 104. Operating Strategy These apartments are rented on a weekly basis, primarily to workforce housing clients serving nearby manufacturing businesses. Unlike transient nightly guests, these tenants receive weekly housekeeping services, aligning with extended-stay operational efficiencies. As a result of these improvements and repositioning efforts, the property’s blended RevPAR has increased to $45.60 on a trailing 12-month basis as of April 2025. Property Overview • Total Units: 104 (60 standard hotel rooms and 44 apartment-style suites) • Building Size: 102,095 SF | Land Area: 6.79 acres (296,469 SF) • Floors: 2-story, interior corridor | Year Built: 1973 | Renovated: 2024 • Construction: Masonry, Class C | Condition: Average | Effective Age: 15 years • Guest Amenities: Restaurant, bar/lounge, outdoor seasonal pool, fitness center, expanded laundry, business center, pantry market • Event & Banquet Facilities: 13,769 SF of flexible space, two banquet halls, multiple breakout rooms, recurring bookings, and strong F&B revenue Financial Highlights (Appraisal Based) • Appraised 'As Is' Value (June 2024): $9,100,000 • Stabilized Value (as of Sept 2024): $9,280,000 • Cap Rate (Projected): 10.34% • NOI (2025 Projection): $931,041 (29.05% EBITDA margin) • Revenue Streams: Room revenue (66%), Food & Beverage (26.9%), Golf & Other (7.1%) Value-Add Opportunities 1. ADR Optimization for Extended Stay 2. Targeted Segment Marketing to workforce housing, medical staffing, and relocation housing 3. Dynamic Rate Management for event weekends 4. Channel Shift Strategy to increase direct bookings 5. Sales Partnerships with regional employers 6. Leverage Renovations for positioning against outdated inventory Market Overview The Village Inn is situated in Clemmons, NC, part of the Winston-Salem MSA. The Triad market is home to multiple corporate headquarters, robust higher education institutions, and regional tourism hubs such as Tanglewood Park and Wake Forest University. Clemmons benefits from both highway visibility and strong middle-class demographics.

Contact:

KZ Services

Property Subtype:

Hotel

Date on Market:

2025-05-23

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