201 Hill StBenson, NC 27504

  • Commercial real estate
  • 8,053 SF
For Sale
$899,900 View listing

Property Details for 201 Hill St

Year built
1910
Lot size
0.49 AC
Property size (Sq ft)
8,053 SF
Zone code
OFR
Property type
Commercial real estate
APN
1016032
APU
1016032

Description

This stunning 8,340 square foot property located at 201 E Hill Street in Benson, NC, presents a unique investment opportunity. The historic Preston Woodall House is currently operating as a thriving bed and breakfast and a highly sought-after wedding venue. The property boasts an elegant ballroom exceeding 2,800 square feet, perfect for large-scale events. An outdoor wedding pavilion, complete with a waterfall and meticulously landscaped grounds, provides a picturesque setting for ceremonies. The sale includes all existing equipment, tables, chairs, and a collection of exquisite antique furniture, ensuring a seamless transition for the new owner. Situated on a 0.49-acre lot, this property offers ample space for both indoor and outdoor activities. The asking price of $899,900 is significantly below the assessed tax value, representing exceptional value for a turnkey operation in a desirable location. This established business is ready for a new owner to continue its success and capitalize on the growing demand for unique event spaces and charming bed and breakfasts in the Benson area. The property's rich history and impressive features make it an ideal investment for those seeking a profitable and prestigious venture. All aspects of the business are included in the sale, allowing for immediate operation and revenue generation. Don't miss this rare opportunity to acquire a fully equipped and established business in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,234,288
    Hospitality
    $2,046,596
    Educational
    $1,702,744
    Medical
    $1,761,304
    Retail
    $2,648,712

Location Insight

City
Benson
County
Johnston
State
North Carolina
Latitude
35.3826
Longitude
-78.5449
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,357
$64,030
$745,080
$809,110
-
$64,030
$745,080
$809,110

FAQs

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