$1,050,000
For Sale

507 E Second Street

Clayton, NC 27520
6510 sqft | 7 beds | 7.5 baths | 0.92 acres | #10034375
Browse 37 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • InteriorCeiling Fan(s), Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Pantry, Walk-In Shower
    • Heating & Cooling
      • CoolingCeiling Fan(s), Central Air, Heat Pump, Wall Unit(s)
      • HeatingBaseboard, Heat Pump
    • Beds & Baths
      • Bathrooms7.5
      • Bedrooms7
      • Full Baths7
      • Half Baths1
  • Property Details
      • Exterior FeaturesLighting, Private Entrance, Smart Lock(s), Storage
      • Exterior MaterialsLighting, Private Entrance, Smart Lock(s), Storage
      • Lot FeaturesCorner Lot
      • Lot DescriptionCorner Lot
      • Stories2
    • Measurements
      • Acres0.92
      • Square Feet6510
    • Parking
      • Parking FeaturesAsphalt, Circular Driveway, No Garage, On Site, Parking Lot, Paved
      • Parking TypeDriveway
  • Construction Details
      • StyleVictorian
      • Property TypePurchase
    • Condition
      • Year Built1907
    • Material information
      • RoofShingle
  • Utilities / Energy Details
      • Utility FeaturesCable Connected, Electricity Available, Sewer Connected, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • Community FeaturesHistorical Area, Park, Restaurant
      • SubdivisionNot in a Subdivision
    • Location
      • Elementary SchoolJohnston - Cooper Academy
      • Middle SchoolJohnston - Riverwood
      • High SchoolJohnston - Clayton
      • CountyJohnston
  • Financial Details
      • Taxes Annual$7,959
  • Other
      • MLS #10034375

Location

Jonathan Smith | EXP Realty LLCReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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