986 Ransom St - Hospitality FOR SALE


Blowing Rock, NC 28605
$2,000,000 USD
828-278-4861
986 Ransom St, Blowing Rock, NC for Sale
$2,000,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

986 Ransom St
Blowing Rock, NC 28605


HIGHLIGHTS

  • High visibility location
  • Commercial zoning so no restrictions on short term vacation rentals
  • Ideal for development as a boutique hotel, or high density residential such as townhomes or condominiums

OVERVIEW

This two-plus-acre tract is an exceptional investment for commercial, residential, or mixed-use development. The desirable General Business GB zoning permits high value applications, including short-term rentals, boutique hotel, restaurant or a prime shopping areas. Another option might be a condominium/townhome development. The property features unparalleled visibility and high traffic exposure directly on Highway 321 Valley Boulevard, ensuring maximum customer recognition. Two accesses are already existing from Ransom Street for multiple options. A key amenity is the easy short walk directly into charming downtown Blowing Rock and its popular attractions benefiting future residents and guests. With all major utilities already in place the development timeline is significantly streamlined and costs are reduced. The existing structure has no value, and the land is offered strictly as is.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$41 USD /SF

# OF ROOMS

98

PRICE/ROOM

$20,408 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn by Hilton Blowing Rock

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2029

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

BR-GB

APN/PARCEL ID

2817-04-9465-000

ASK ABOUT THIS PROPERTY

Craig & Cynthia CarlsonHoward Hanna Allen Tate Real EstateMore Info
828-278-4861

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Craig & Cynthia CarlsonHoward Hanna Allen Tate Real EstateMore Info
828-278-4861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.