Clayton, NC 27520,507 E Second Street
Listed by Commission Realty, LLC
Bought with Commission Realty, LLC

$1,000,000

Est. payment /mo

$1,050,000

4.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

507 E Second Street Clayton, NC 27520

7 Beds

8 Baths

6,510 SqFt

SOLD DATE : 11/15/2024

Key Details

Sold Price $1,000,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 6,510 sqft

Price per Sqft $153

Subdivision Not In A Subdivision

MLS Listing ID 10034375

Sold Date 11/15/24

Bedrooms 7

Full Baths 7

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 6,510

Originating Board Triangle MLS

Year Built 1907

Annual Tax Amount $7,959

Lot Size 0.920 Acres

Acres 0.92

Property Description

Back on the market due to Town of Clayton's denial of the buyer's proposed use. Guest kitchen floor has been updated. The sellers will be addressing most of the issues identified in the inspection report.

Nestled in the downtown of Clayton, McWade's Inn presents a compelling investment opportunity. Whether you seek a home for yourself with the added benefit of managing an investment property, this is an opportunity not to be missed. Don't let this chance slip away - schedule a viewing today!

Discover the following property features:

- Six Spacious Guest Rooms: Each guest room exudes luxury and comfort, providing a serene retreat for visitors. Ensuite bathrooms and individual climate-controlled units upstairs ensure a restful night's sleep in any season.

- Full Kitchen for Guests: Our fully equipped kitchen allows guests to prepare their own meals or snacks at their leisure, fostering culinary creativity and independence.

- Parlor Room: A cozy gathering space where guests can relax and socialize.

- Game Room: Offers a variety of options for amusement, from board games to card tables, catering to diverse tastes and preferences.

- Dining Room: Sets the stage for memorable dining experiences.

- Owner's Suite: Enjoy a private, comfortable living space, including a kitchen, living room, spacious bathroom, and cozy bedroom. It has its own entryway.

Located in a thriving community, McWade's Inn benefits from its proximity to local attractions and events, driving a steady stream of guests year-round. The potential for growth and expansion is significant, offering opportunities to increase revenue through additional services or events. Investing in McWade's Inn means not just acquiring a property, but becoming a part of a rich local tradition and a thriving business.

Zoning Information:
Zoned Office Institutional (OFI). The property is currently being used as a Bed & Breakfast business. Despite the zoning change, new buyers/owners can maintain the old zoning by establishing B&B within 6 months from the settlement date, provided that the owners reside in the same dwelling. For additional details, please refer to the planning department of town of Clayton. The property is also listed as Commercial, MLS# 10024973.

Special Offer for Investors:
- For investors interested in establishing a Bed & Breakfast, the sellers are providing complimentary assistance, including training on business management and three months of initial business support.

Inclusions:
- Appliances and most furniture will convey.

This is your chance to own a piece of Clayton's history and a profitable venture in the hospitality industry.

Location

State NC

County Johnston

Community Historical Area, Park, Restaurant

Direction From Bus 70, Turn left onto Main St. Turn Left Onto E Second St. The McWade's Inn is on your left.

Interior

Interior Features Ceiling Fan(s), Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Pantry, Walk-In Shower

Heating Baseboard, Heat Pump

Cooling Ceiling Fan(s), Central Air, Heat Pump, Wall Unit(s)

Flooring Carpet, Tile, Wood

Appliance Disposal, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Washer/Dryer

Laundry Upper Level

Exterior

Exterior Feature Lighting, Private Entrance, Smart Lock(s), Storage

Fence None

Pool None

Community Features Historical Area, Park, Restaurant

Utilities Available Cable Connected, Electricity Available, Sewer Connected, Water Available

View Y/N Yes

Roof Type Shingle

Street Surface Asphalt,Paved

Handicap Access Accessible Approach with Ramp

Porch Covered, Front Porch, Porch, Side Porch, Wrap Around

Garage No

Private Pool No

Building

Lot Description Corner Lot

Faces From Bus 70, Turn left onto Main St. Turn Left Onto E Second St. The McWade's Inn is on your left.

Story 2

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Victorian

Level or Stories 2

Structure Type Brick Veneer,Frame

New Construction No

Schools

Elementary Schools Johnston - Cooper Academy

Middle Schools Johnston - Riverwood

High Schools Johnston - Clayton

Others

Tax ID 166917109917

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Doorify MLS / Triangle MLS

LaKesha Faison

Agent | License ID: 323997

+1(910) 372-1845

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.