107 Spruce Street

Rare Historic Hospitality & Mixed-Use Investment Opportunity in Central North Carolina Positioned on approximately 6.07 acres in historic Badin, North Carolina, the 1913 Badin Inn presents a distinctive opportunity to acquire a multi-faceted hospitality and income-producing property with existing operations and significant value-add potential. Offering approximately 14,857 heated square feet across two primary buildings, this property combines history, lodging, residential income, food and beverage, events, and recreation within one unique destination. The Inn currently features six guest suites, providing an established foundation for lodging operations. An additional 10 original rooms offer the opportunity for restoration and renovation, potentially expanding the property's lodging capacity while preserving the character and history of this century-old property. A separate three-level mixed-use building adds another layer to the investment opportunity. The first floor features a restaurant and bar with a commercial kitchen, offering seating for approximately 50 guests indoors and 50 guests outdoors and creating possibilities for dining, catering, private events, weddings, and other food-and-beverage concepts. The property also benefits from existing residential income. Four long-term rental apartments currently generate approximately $1,500 per month per unit, utilities included. An additional floor requiring complete rehabilitation offers the potential to create four additional apartments. Ownership estimates that renovated units could potentially command approximately $2,000 per month per unit, utilities included, subject to renovation, approvals, market conditions, and buyer verification. Event and catering opportunities further diversify the property. Existing gathering spaces provide an inviting setting for weddings, celebrations, retreats, corporate functions, and destination events. The approximately six-acre grounds offer additional opportunities for enhancement, including restoration of the existing in-ground pool and bathhouse and the potential addition of recreational amenities such as pickleball and outdoor gathering spaces. Directly behind the property lies approximately 41 acres of recreational grounds, formerly operated as a golf course and now utilized for disc golf. The Inn currently leases this property under a separate arrangement and hosts disc golf tournaments, adding another dimension to its destination appeal. Any continuation or transfer of the lease is subject to applicable lease terms and approvals. Located in the Badin Historic District, which is listed on the National Register of Historic Places, the property sits within a community known as the ''Little French Town in the Uwharries.'' Its central North Carolina location provides regional accessibility to major population centers throughout North Carolina and into South Carolina. For an investor with the vision and capital to continue its evolution, the 1913 Badin Inn represents more than the acquisition of an historic property. It is an opportunity to combine existing income with hospitality, residential, dining, event, and recreational revenue streams while writing the next chapter of a property with more than a century of history. Property is offered in its current as-is condition. Prospective purchasers should independently verify all measurements, financial information, permitted uses, development and expansion potential, projected income, historic status, zoning, lease terms, and renovation requirements. Rare Historic Hospitality & Mixed-Use Investment Opportunity in Central North Carolina Positioned on approximately 6.07 acres in historic Badin, North Carolina, the 1913 Badin Inn presents a distinctive opportunity to acquire a multi-faceted hospitality and income-producing property with existing operations and significant value-add potential. Offering approximately 14,857 heated square feet across two primary buildings, this property combines history, lodging, residential income, food and beverage, events, and recreation within one unique destination. The Inn currently features six guest suites, providing an established foundation for lodging operations. An additional 10 original rooms offer the opportunity for restoration and renovation, potentially expanding the property's lodging capacity while preserving the character and history of this century-old property. A separate three-level mixed-use building adds another layer to the investment opportunity. The first floor features a restaurant and bar with a commercial kitchen, offering seating for approximately 50 guests indoors and 50 guests outdoors and creating possibilities for dining, catering, private events, weddings, and other food-and-beverage concepts. The property also benefits from existing residential income. Four long-term rental apartments currently generate approximately $1,500 per month per unit, utilities included. An additional floor requiring complete rehabilitation offers the potential to create four additional apartments. Ownership estimates that renovated units could potentially command approximately $2,000 per month per unit, utilities included, subject to renovation, approvals, market conditions, and buyer verification. Event and catering opportunities further diversify the property. Existing gathering spaces provide an inviting setting for weddings, celebrations, retreats, corporate functions, and destination events. The approximately six-acre grounds offer additional opportunities for enhancement, including restoration of the existing in-ground pool and bathhouse and the potential addition of recreational amenities such as pickleball and outdoor gathering spaces. Directly behind the property lies approximately 41 acres of recreational grounds, formerly operated as a golf course and now utilized for disc golf. The Inn currently leases this property under a separate arrangement and hosts disc golf tournaments, adding another dimension to its destination appeal. Any continuation or transfer of the lease is subject to applicable lease terms and approvals. Located in the Badin Historic District, which is listed on the National Register of Historic Places, the property sits within a community known as the "Little French Town in the Uwharries." Its central North Carolina location provides regional accessibility to major population centers throughout North Carolina and into South Carolina. For an investor with the vision and capital to continue its evolution, the 1913 Badin Inn represents more than the acquisition of an historic property. It is an opportunity to combine existing income with hospitality, residential, dining, event, and recreational revenue streams while writing the next chapter of a property with more than a century of history. Property is offered in its current as-is condition. Prospective purchasers should independently verify all measurements, financial information, permitted uses, development and expansion potential, projected income, historic status, zoning, lease terms, and renovation requirements.

Property Details

Location

Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Provided By
Listed by Kelli D Hays (#752526478a)
Listing Office: Realty ONE Group Dockside North (#752525491)