Sold

Closed

507 E Second Street

Clayton NC, 27520

$1,000,000


$153.61 per sqft

Sold

Closed

7 Beds

8 Baths

6,510 sqft

Residential

Built in 1907

Listing courtesy of Commission Realty, LLC

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.

10034375

MLS ID

April 11, 2024

Listed

December 1, 2024

Updated

Map

507 E Second Street
Clayton NC, 27520

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

8


Full Bathrooms

7


Half Bathrooms

1


Interior Features

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


Appliances

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


Laundry Description

Upper Level


Floor Description

Carpet, Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

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


Heating

Yes


Heating Description

Baseboard, Heat Pump

Exterior/Building Features

Lot Size

0.92 Acres


Exterior Features

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


Lot Features

Corner Lot


Architectual Style

Victorian


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Johnston - Clayton


Elementary School

Johnston - Cooper Academy

Other Property Details

Taxes

$7,959


Tax Frequency

Annually


Days on Market

128


Garage

No


Parking

Asphalt, Circular Driveway, No Garage, On Site, Parking Lot, Paved


View

Yes


County

Johnston


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

11/16/2024

Sold

$1,000,000

9/26/2024

Pending

8/30/2024

Price change

$1,050,000

-5%

8/19/2024

Active

7/18/2024

Pending

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Bought with Nazokat Srajitinouno Quick, Commission Realty, LLC and Listed by Nazokat Srajitinouno Quick, Commission Realty, LLC

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Data last updated 1:17 AM UTC, 12/1/2024

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