1957 Cedar Creek RdFayetteville, NC 28312

Property Details for 1957 Cedar Creek Rd

Year built

1984

Lot size

4.08 AC

Property size (Sq ft)

4,744 SF

Zone code

CC

Property type

Hotels

APN

0455-28-5380

APU

455285380

Description

This profitable 114-key Quality Inn & Suites Fayetteville motel presents a compelling investment opportunity. Located at 1957 Cedar Creek Rd, Fayetteville, NC 28312, this established property sits on a 4.08-acre lot and offers 175 parking spaces (a 1.54:1 ratio). Built in 1984 and extensively renovated in 2017, the motel is in excellent condition and ready for immediate operation. The asking price is $5,850,000, translating to a price per key of $51,316. The property benefits from its location within a thriving community, boasting a median household income of $64,973 within a one-mile radius. This strong local demographic contributes to the motel's consistent occupancy and revenue generation. The property's size, recent renovations, and favorable location combine to create a strong potential for return on investment. This is a turnkey operation ideal for an experienced hospitality investor seeking a well-established and profitable asset in a desirable market. The property's financial performance data is available upon request. This is a rare opportunity to acquire a fully operational and successful motel in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,330,322

  6.5%

  $1,227,989

  7%

  $1,140,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,871,372

  Geo Method

  $2,559,004

• Alternative Use

  Use

  Valuation

  Residential

  $1,340,607

  Hospitality

  $1,227,989

  Educational

  $1,021,673

  Medical

  $1,056,810

  Retail

  $1,589,268

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0091

Longitude

-78.8244

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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