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15496588
15496563

412 S 3rd St, Wilmington, NC 28401

JH
NC 234605
Intracoastal Realty Corp
Listed by Intracoastal Realty Corp
$2,175,000
813 days on market
Updated 24 days ago

CW Worth House Bed and Breakfast

Details
APN R05405-032-015-000
Property Type Hospitality
Sub Type Hotel
Square Footage 6,290
Keys 7
Beds 8
Cap Rate 15.52%
NOI $337,520
Occupancy 54%
Pro-Forma Cap Rate 10.64%
Pro-Forma NOI $231,327
Price per SqFt $346
Broker Co-Op Yes
Year Built 1903
Year Renovated 2021
Buildings 1
Stories 3
Acreage 0.250
Zoning HD-R
Parking Spaces 2 spaces
Parking Per SqFt 0.32
Investment Type Owner/User
Ground Lease No

Income Producing Nationally Recognized Bed and Breakfast

Marketing description

Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 2023 Best Reader Choice Bed and Breakfast, the C.W. Worth House provides outstanding guest services in the Wilmington area. The level of mindfulness, tasteful renovations and charming historic appeal set this B&B opportunity apart from others. This beautiful historic landmark has seven guest rooms in addition to the main owner's suite. Each room has its own private entry, bathroom, and style. The inviting living areas are thoughtfully decorated and enhance the guest experience. Its prime location near downtown, the River Walk, and various dining options, placement within a historic district and room capacity provide a fantastic opportunity for its next owner. This property-business is turnkey read and has advanced booking that enabled the next owner to benefit from all the previous owner's efforts. CW Worth House has received national notoriety for their service and location. CW Worth house was awarded 2022 - Present: Select Registry Property, 2022 & 2023 TripAdvisor Travelers' Choice, 2023 Best Hotel/ Bed & Breakfast in the Cape Fear Region and 2023 USA Today #1 10Best Readers' Choice Best Bed & Breakfast. Considering the Award-Winning Business, Unique Charm, and a solid business plan enables the CW Worth House to continue to excel.

Results: 1 Selected: 0

Investment highlights

Nationally recognized Best Bed and Breakfast. Unique 7 room special use permit from City. Additional land parcel available. Just recently renovated and updated.

Listing Contacts

JH
NC 234605
Intracoastal Realty Corp
Listed by Intracoastal Realty Corp

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$337,520.00
$28,126.67/mo

Valuation Metrics

0
DSCR
15.52%
Cap Rate
15.52%
ROI

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Additional Information

Name
Jeff Hovis
License
234605
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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