Hwy 158 - Commercial LAND FOR SALE


Bermuda Run, NC 27006 117,612 SF
$1,850,000 USD
336-918-1609
Hwy 158, Bermuda Run, NC for Sale
$1,850,000 USD
Commercial LAND - FOR SALE
1/2
117,612 SF

Hwy 158
Bermuda Run, NC 27006


HIGHLIGHTS

  • PREMIER COMMUNITY
  • RARE OPPORTUNITY
  • UNMET DEMAND for HOTEL, RESTAURANTS, SHOPS, FAST CASUAL DINING
  • HIGH VALUE LOCATION - HOUSEHOLD INCOME ONE OF HIGHEST IN STATE
  • AVAILABLE IMMEDIATELY - COMMERCIAL CONSTRUCTION COMPANY ON SITE
  • PERMITS WITHIN FOUR WEEKS

OVERVIEW

Rare, Upscale, High Value, Hotel, Retail and Restaurant opportunity in safe village of Bermuda Run. Hotel Beds under served by 355 / night per Univ of North Carolina Study. Area graded level to promote walking from Hotel to shops or restaurants. An upscale hotel is needed to meet demand created by local sports complexes and nationally recognized event center. This superb location features one of the highest per capita areas in North Carolina. Reports from Rise Indoor Sports Complex, Truist Sports Park, Tanglewood Park, as well as WinMock Event Center indicate that guests are venturing as far as Winston-Salem in search of higher quality lodging products. Need restaurants, steak, fast casual. DFI Market Study shows immediate need for 355 additional rooms per night in this area. An upscale brand or independent boutique at or above the upscale class can both meet the Town’s public interests and succeed in this growing market. Total project is estimated to cost between $14-18 million. Restriction to specific construction company is in place. Permits set to go in 4 weeks. Potential for a beautiful outdoor patio overlooking greenway walking trail that leads to nearby Sports Complex. Building quality to be similar to attached sketches. BUILDING CAN BE 4 OR 5 STORIES.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/ACRE

$685,185/AC

PRICE/SF

$16 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Rare, Upscale, High Value, Hotel Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hotel, Neighborhood Center

LAND ACRES

2.7 AC

LAND SF

117,612 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

BERMUDA RUN VM

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles MaysMays Commerical BrokageMore Info
336-918-1609

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Charles MaysMays Commerical BrokageMore Info
336-918-1609

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