Old Baymont - S College Road and New Centre

Hospitality for Sale
Catylist Listing ID: 30734679
Property Subtypes: Hotel
Number of Units: 134 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 2.48 SF
Sale Price: $5,000,000
Unit Price: $37,313.43 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: Baymont Inn and Suites
Name of Establishment: Baymont Inn and Suites - Closed
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

The property at 306 S College road is a unique opportunity. The property is not currently active and is a Former Baymont Inn and Suites. The rooms were reduced down to studs after Hurricane Florence and havent been rebuilt. The property is 2.48 acres and has access from S College Rd with a Ri/Ro. On New Centre drive the property has full access.

The property is highly visible and is located on two of Wilmingtons MOST HEAVILY TRAFFICKED STREETS with 80,000 plus cars on S College and 54,000 cars on New Centre Drive. (Per Wilmington MPO)

With proximity to the University of North Carolina Wilmington, Office space, Major Retail Centers and a multitude of apartments, this site is a re-developers dream.

The property has a potential for many options as either a renovation or scrape and replace.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04920-001-003-003
Zoning: RB
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: S College Road and New Centre Drive
Property Visibility: Excellent
Largest Nearby Street: S College Road
Traffic/Vehicle Count: 84,000
Highway Access: Direct to S College
Airports: ILM
Site Description: Existing Hotel Shell
Area Description: Midtown/University Area of Wilmington
Nearby Attractions: University of North Carolina Wilmington, Wrightsville Beach, Downtown Wilmington, Battleship NC
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 64,245 140,074
Median Age: 24.77 33.46 36.84
Households: 4,001 27,905 59,911
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