Eastover - 5510 S Main St

Salisbury, NC 28147

• Motel
• Land for Sale
• $2,408,577 CAD
• 25 AC Lot

Salisbury Land for Sale - Rowan County

Prime investment opportunity. Wedding venue, redevelopment, Personal use. 25 Acres CBI Zoning. The estate home. Well, Welcome to Eastover—an extraordinary 1934 Tudor estate designed by renowned architect Louis H. Asbury, gracefully set on private, park-like grounds rich in history, character, and timeless architectural detail. This one-of-a-kind property blends the elegance of a bygone era with thoughtful updates for modern living. Approaching the home, the striking Tudor façade showcases cast limestone, half-timber gables, and distinctive architectural elements that set the tone for what lies within. Inside, craftsmanship is immediately evident—from imported German oak doors to hand-wrought steel staircase balusters and a sweeping curved staircase with walnut handrail. The main level is designed for both grand entertaining and comfortable daily living. A beautifully appointed living room, formal dining room with access to the flagstone terrace, and a richly paneled library overlooking the gardens create an inviting and sophisticated atmosphere. The kitchen has been thoughtfully updated and features custom cabinetry, unique architectural details, and direct access to a charming, screened porch—perfect for relaxed indoor-outdoor living. The home offers multiple gathering spaces, including a warm den with built-ins and hidden details, along with expansive patio areas ideal for entertaining. The original and preserved elements throughout the home—including stonework, tile, fixtures, and millwork—reflect a level of craftsmanship rarely found today. Upstairs, the private quarters include multiple bedrooms and baths, offering flexibility for a variety of living arrangements. A spacious third-floor bonus room provides additional living or recreation space, while the basement features functional areas including laundry, storage, and a wine cellar. The grounds are equally remarkable, originally cultivated with a wide variety of plantings including mature trees, flowering specimens, and natural landscape features. Outdoor living is enhanced by brick terraces, garden areas, and beautifully designed hardscape elements. A separate guest house, originally guest quarters, adds versatility for guests, extended stays, or private workspace. Steeped in local history yet thoughtfully maintained and updated over time, Eastover presents a rare opportunity to own a truly distinctive estate offering privacy, character, and enduring architectural significance.

Contact:

Wallace Realty

Property Subtype:

Commercial

Date on Market:

2026-04-18

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2013-2015 Cedar Fork Dr

Greensboro, NC 27407

• Motel
• Land for Sale
• $1,629,332 CAD
• 1.94 AC Lot

Greensboro Land for Sale - Central Guilford County

Presently zoned residential but City has already said Commercial zoning would be approved. This property in the very heart and hub of Greensboro in a still up and growing area with surrounding apartments with new additional units and complexes presently under construction, numerous Hotels, fine dining, Mall, theaters, etc, please see map! I am the owner/seller as this prime real estate that has been in my family for 100 years and never offered before now. There is an existing solid granite rock home on the property with a separate apartment bring in approximately $2,500.00 month rent on a month-by-month lease that can be vacated at the appropriate time. There is no middleman/woman nor commission fees. Will entertain intelligent cash offers. Commission is contingent upon sale at full asking price without terms, otherwise percentage negotiable.** Scammers, I am aware of your creative financing scams even with putting 100's of thousands of dollars of cash down and hidden agenda in you LOI. I look forward to hearing from you and working with you!

Contact:

Ron Greene

Property Subtype:

Commercial

Date on Market:

2026-03-09

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

Clemmons, NC 27012

• Motel
• Hospitality for Sale
• $10,626,075 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): $708,068 • 25.65% margin (2025) • Cap Rate: 9.44% • Room Revenue Multiplier (RRM): 4.10 • Price/Room: $72,115 • Occupancy (2025): 53.81% • ADR: $89.61 • RevPAR: $48.22 • Gross Revenue $2,760,314 (2025) 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 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 $48.22 on a trailing 12-month basis as of December 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 (2025): 9.44% • NOI (2025): $708,068 (25.65% 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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321 Summit Square Ct

Winston-Salem, NC 27105

• Motel
• Land for Sale
• $913,842 CAD
• 1.40 AC Lot

Winston-Salem Land for Sale - NW Forsyth County

Located across Hanes Mill Road from the 400,000± SF Walmart anchored shopping center. Other nearby anchors include: Lowes Home Center, Target, Home Depot, Staples and Sam’s Club. Full interchange with US 52/I-74 located ½± mile west.

Contact:

Meridian Realty Group, Inc.

Property Subtype:

Commercial

Date on Market:

2016-09-23

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The Zevely Inn Bed & Breakfast - 803 S Main St

Winston-Salem, NC 27101

• Motel
• Hospitality for Sale
• $1,841,853 CAD
• 5,895 SF

Winston-Salem Hospitality for Sale - South Forsyth County

The large, two-story house that today operates as the Zevely Inn was originally built by David Blum after he acquired the lot in 1842. Blum insisted on his right to operate a small store in his new home; however, the Church rejected the proposal on the grounds that such a store would provide Salem with one too many such commercial enterprises. Blum and the Church haggled over the dilemma and, in the meantime, the house was completed in 1844. Resolution came one year later when Blum agreed to sell the property to Dr. Augustus T. Zevely. Unlike Blum, Zevely had no reservations about signing a required lease agreement with the Church. Zevely was a saddler, born in Salem in 1816. As a saddler, he found little work in Salem and moved to Lincolnton while still remaining a member of the Church. In 1836, he opened a shop in Salem, but soon went to Philadelphia where he studied medicine and became a doctor. By 1840, he had established a practice in Salem. Zevely rented the Traugott Bagge House (Local Historic Landmark #7) in 1844 until he bought David Blum’s house. In this house, Zevely operated an inn for travelers that Salem Tavern could not accommodate. The Church relinquished control over the Tavern in 1850; following that time, the Zevely Inn became the primary place for accommodations. Over the years, several major additions Leinbach House and Zevely Hotel – Lots 22 and 23, 1890-1900 (Zevely Inn is located to the left) and alterations were made as it continued its hotel use. The Zevely family owned the house until 1905. The Zevely Inn is a 2½-story, five-bay, brick building on a stuccoed, partially-exposed cellar. The rear of the house features a sizeable two-story gabled ell, with a two-story, two-tier porch. The front elevation of the house has two single-leaf, wood-paneled entry doors, both with three-light transoms. The windows are nine-over-six with paneled shutters. Interior end chimneys flank the sidegable roof, which is finished in wood shingles. In 1941, the Zevely House was reduced to its original size and partially restored by Salem Academy and College. Old Salem, Inc. acquired the property in 1976; it was used as apartments until 1993, when it was sold. Concurrent with the new property ownership, the property was restored. Today the Zevely Inn operates as a bed-and-breakfast under the name the Augustus T. Zevely Inn.

Contact:

Fader Real Estate at ERA Live Moore

Property Subtype:

Bed and Breakfast

Date on Market:

2026-07-03

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2929 Hedrick Mill Rd

Lexington, NC 27292

• Motel
• Specialty for Sale
• $3,116,982 CAD
• 10,048 SF

Lexington Specialty for Sale - South Davidson County

Marketing description This property is established and comes with 28 events already booked for the year—including 26 weddings—providing immediate income potential from day one. Featuring 8,236 heated square feet and 10,070 total square feet, and situated on 5.1 acres, this venue is designed to accommodate large gatherings and is ready for its next investor or operator. Located at 2929 Hedrick Mill Road, the property offers multiple ceremony options, including two indoor ceremony spaces and an outdoor ceremony area just across the street, providing flexibility for a wide range of event styles. The venue includes a well-appointed groom’s suite complete with three leather sofas, a large mounted TV, and a pool table—creating a premium experience for clients. The bridal suite offers ample space for the bride and bridesmaids, along with an upstairs loft area featuring a mounted TV, sofa, and an overlook of the reception space. Ideal for weddings, large gatherings, church events, proms, and more, the layout is both functional and inviting. The property also offers ample on-site parking, allowing for smooth and efficient event operations. An additional income stream is provided by the full commercial kitchen, which is currently leased for $2,200 per month as a commissary kitchen. The kitchen is fully equipped and includes a walk-in refrigerator and walk-in freezer, making it ideal for catering operations or continued lease use. To further simplify operations, all personal property is included in the sale—helping minimize startup costs and allowing a new owner to step in seamlessly. The main event space also features row-by-row lighting controls, offering flexibility to create the perfect atmosphere for any event. Located in a rapidly growing area, Lexington continues to see strong residential and commercial expansion. New apartment developments along Highway 8, ongoing residential construction, and major nearby projects such as Nucor, Siemens, and Graycor—all located just miles from the property—are driving population and economic growth, further increasing demand for event and gathering spaces.

Contact:

J Marshall Realty

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2026-04-10

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