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4716 New Bern Ave
Raleigh, NC 27610 Southeast Raleigh

Price Upon Request

Hotel For Sale  •  25,940 SF

Property Details

  • Property Type Hotel
  • Total Building Size 25,940 SF
  • Lot Size 1.32 AC
  • Building Class C
  • Year Built 1996
  • Tenancy Single
  • Zoning CX-3-PL
39 Transit Score
51 Walk Score

Highlights

Wall-mounted HVAC in units.
Allows for easy access to Downtown Raleigh and existing public transit.
New development around transit lines is set to focus on affordable housing options.
Prime Location: Situated on the New Bern Avenue corridor, ideal for affordable housing conversion.
Flexible Zoning: Permitted uses include multi-unit residential, perfect for studio apartment projects.
Significant Upgrades: $700,000 spent in 2023 on capital improvements, including showers, flooring, and paint.

Amenities

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 12 min - 6.1 mi
AirportDriveWalkDistance
Raleigh-Durham International 29 min - 19.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes