$9,000,000

This 120 Key hotel was has recently completed renovations. It is located near the intersection of US Highway 17 and New Centre Drive, in Wilmingtons Mid Town District. The property has a pool and banquet hall in the rear. The site is 4.5 acres, it has a cross parking agreement with the Dentists Office formerly Old Chicago Pizza (for long time Wilmington Residents). The building is in a L Shape configuration is two stories and is exterior entry. This site is located in the area of Market Street that is currently undergoing transition. The new Hilton Tru and Tapestry located next door is finishing construction. Vivo Wilmington a new Studio Apartment conversion of the Budgetel and Motel 6 are bringing new life to this section of Wilmington. Target is planning an expansion of their store which is .44 miles away from the property. There are new retailers and employers locating in the area and bringing with them new developments, such as the 400 unit Azalea Landing Apartments. Dot Improvements in the area will include a median down Market Street which will improve traffic flow. This site is near a public bus stop and has quick access to Downtown Wilmington, Area Beaches and the major transit corridors in Wilmington (Highway 17, MLK Parkway, I-40/South College. This site is in the heart of the Wilmingtons Market Street Renaissance. Call the listing office to schedule a showing.