2848 Bragg BlvdFayetteville, NC 28303

  • Hospitality properties
  • 9,600 SF
For Sale
$2,550,000 View listing

Property Details for 2848 Bragg Blvd

Year built
1960
Lot size
1.47 AC
Property size (Sq ft)
9,600 SF
Zone code
CC
Property type
Hospitality properties
Property subtype
Hotels
APN
0428-12-7007
APU
428127007

Description

This 63-key motel in Fayetteville, North Carolina presents a compelling investment opportunity. The property, situated at 2848 Bragg Blvd, boasts 27,728 square feet across three, two-story buildings, built in 1963 and renovated in 2022. It includes 63 parking spaces. Currently operating with staff only, the motel offers significant upside potential for an owner-operator. The absence of a third-shift desk represents a clear opportunity to increase revenue. An owner-operator could enhance profitability by overseeing daily operations and implementing improvements. The asking price is $2,550,000. This is an excellent opportunity for an owner-operator or investor seeking a hands-on approach or someone with management in place. The property is currently operating under the Knights Inn brand, but there's potential to switch to another brand. Please schedule an appointment before visiting to avoid disturbing staff and motel operations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,692,638
    6.5%
    $2,485,512
    7%
    $2,307,976
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,808,449
    Geo Method
    $5,178,422
  • Alternative Use

    Use
    Valuation
    Residential
    $2,713,458
    Hospitality
    $2,485,512
    Educational
    $2,067,917
    Medical
    $2,139,036
    Retail
    $3,216,760
2848 Bragg Blvd, Fayetteville, North Carolina

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0746
Longitude
-78.9274
CBSA code
22180
CBSA name
FAYETTEVILLE, 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
2019
$17,766
$219,916
$1,180,432
$1,400,348
-
$219,916
$1,180,432
$1,400,348

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].