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1340 N Wesleyan Blvd
Rocky Mount, NC 27804

$7,000,000 USD

Hotel For Sale  •  55,602 SF

Property Details

  • Property Type Hotel
  • Total Building Size 55,602 SF
  • Lot Size 5.98 AC
  • Building Class C
  • Year Built 1987
  • Zoning I2
30 Transit Score
30 Walk Score

Highlights

Hotel Conversion Opportunity: 151-key hotel (41 rooms w/ kitchenettes + 110 standard rooms) with a defined path to 151 multifamily units.
Cost & Timeline Advantages: Recent renovations, sprinklered systems, and in-place plumbing/electrical reduce conversion scope.
~$70K All-In Basis: Illustrative acquisition and conversion basis of ~$70,000 per unit, meaningfully below new construction cost.
Wesleyan Blvd Corridor: On Rocky Mount’s primary commercial corridor with retail, services, and I-95 access.
Rocky Mount Employment Base: Anchored by Pfizer, Cummins Rocky Mount Engine Plant, Nash UNC Health, and QVC.
I-95 Regional Access: Direct I-95 access connecting Rocky Mount to Raleigh, Richmond, Norfolk, and Eastern NC.

Property Flyers

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Rocky Mount (Carolinian - Amtrak, Palmetto - Amtrak, Silver Meteor - Amtrak, Silver Star - Amtrak) 7 min - 3.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 124
Type: Surface
Included in Rent: Yes
William Graves 803-371-7839 Marcus & Millichap
William Graves 803-371-7839 Marcus & Millichap