INNOVATE Real Estate
30-Finished little hotel (6 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
42-Finished little hotel (9 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
31-Finished little hotel (7 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
49-4-Finished little hotel (4 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
50-1-Finished little hotel (1 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
33-Finished little hotel (8 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
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26-Finished little hotel (3 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
27-Finished little hotel (4 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
23-Finished little hotel (2 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
28-Finished little hotel (5 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
38-Finished little hotel (5 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
43-Finished little hotel (5 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
41-Finished little hotel (5 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
22-Finished little hotel (1 of 9) - 1010 S Garnett Street, Henderson, NC 27536, Henderson
48 photos

$495,000

1010 S Garnett Street, Henderson, NC 27536
Henderson, NC 27536
Listed by James Hutson · Ninja Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1949

About this home

HISTORICAL TAX CREDITS AVAILABLE! Redevelopment opportunity at the signalized intersection of S. Garnett Street and Raleigh Road -- one of the busiest and most highly trafficked intersections in the city. The property benefits from strong visibility, direct access to US-1, and proximity to I-85, providing convenient regional connectivity to Raleigh and Durham. Originally constructed in 1949, the property consists of a 25-room former hotel with 4 additional apartment units. Most guest rooms feature private baths, with a limited number configured with shared community baths consistent with traditional mid-century hotel design. A breezeway connects the primary lodging structure to a second building that previously operated as a restaurant. The site spans three parcels totaling approximately 1.181 acres and includes dedicated on-site parking -- a significant advantage for downtown-adjacent redevelopment. The property is currently vacant and requires substantial rehabilitation. No operating financials are available. Offering is well suited for experienced investors or developers seeking a value-add repositioning opportunity. Zoned OIA (Office, Institutional & Residential), the property allows for a flexible mix of potential uses, including: Boutique or flagged hotel redevelopment Office or medical conversion (nearby hospital systems) Multifamily or workforce housing conversion Mixed-use redevelopment Institutional or community use Located within walking distance to downtown and near regional medical facilities. Vance County, home to Kerr Lake, continues to benefit from recreational tourism and regional traffic flow. Property is being sold as-is. **LARGE ANMOUNT OF HISTORICAL TAX CREDITS ARE AVAILABLE IF DEVELOPER MEETS CERTAIN CONDITIONS!**

Property details

MLS #
10148505
Property type
Hotel/Motel
Subdivision
N/A
Status
Active
Days on market
229
On market date
February 25, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
20
Lot size
1.181 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
E M Rollins Elementary
0.39 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
336
Student:teacher ratio
16.0:1
District
Vance County Schools
Middle
STEM Early High
0.82 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
256
Student:teacher ratio
21.3:1
District
Vance County Schools
High
AdVance Academy
0.82 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
193
Student:teacher ratio
14.8:1
District
Vance County Schools

Walkability

Blended score for Henderson's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

72
Walkable
out of 100
EPA National Walkability Index
12.0 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores11
Parks5
Schools6
Transit stops0
Pharmacies4

Market position

How this listing compares to current activity in Henderson, from live MLS data.

On the market 229 days -- 91 more days than Henderson's current average of 138 days.
For reference, the median list price across 204 active listings in Henderson right now is $197,000.

Mortgage calculator

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Est. monthly payment
$3,131/mo
$99,000 down
$396,000 loan
Principal & interest$2,568
Property tax (est.)$413
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.