Bought with Commission Realty, LLC
$1,000,000
$1,050,000
4.8%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
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
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