The 1891 Inn

Albemarle, North Carolina

Asking Price: USD $750,000
Guest Rooms: 4    4
Owners Quarter: 1    1

Property Overview

Known historically as the Brown-Parker house, the inn is listed on the National Register of Historic Places. The Queen Anne-style Victorian home with its wrap-around porch is where you rock your cares away.

Located in the Historic District of Downtown Albemarle, the inn is within walking distance of restaurants, including a local brewery. Shopping, arts, and activities abound.
Pfeiffer University’s Center for Health Sciences campus is within walking distance, and Stanly Community College is a short 10-minute drive.

427 Pee Dee Ave is known as 'The 1891 Inn' and is Albemarle's only bed-and-breakfast. The Queen-Anne style Victorian home is listed on the National Register of Historic Places and has operated as a B&B since 2018. It offers four guest rooms (Tillery, Badin, Maralise, and Uwharrie) with king beds, fireplaces, and modern baths. Guests also enjoy the parlor, den, and dining room. The home is ~3,300 sq ft and sits in Albemarle's downtown Historic District, within walking distance of restaurants, breweries, and shops. New 588 sq ft Owners quarters on site with full kitchen, bath, living room, large deck, and shed.

About the Owner's Quarters

New 588 sq ft Owners quarters on site with full kitchen, bath, living room, large deck, and shed.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
Lifestyle:
  • Nearby Winery / Brewery Winery
  • Close to Fishing Fishing
  • Includes a Restaurant Golf
  • Near Horses Horse
Business Description:

Albemarle currently has no competing B&Bs. The Inn offers four ensuite bedrooms. The Business provides a turnkey solution as all furnishings, including operating equipment (lines/dishes/etc...) are included with the property. Stanly County’s tourism growth (visitor spending up 6.9 % in 2024) suggests potential upside for the 1891 Inn as the area promotes events and outdoor recreation. The Inn has grown in occupancy and revenue through organic growth, indicating a significant opportunity through market exposure. Fantastic reviews and exposure on TripAdvisor: https://www.tripadvisor.com/Hotel_Review-g29857-d17614378-Reviews-The_1891_Inn_Bed_And_Breakfast-Albemarle_North_Carolina.html?m=19905

Terms of Sale:

Land, Buildings, and all furnishings are to be conveyed with the exception of the owner's suite furnishings. Showings may be conducted upon scheduling through the Listing Agent, subject to Inn's schedule.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Lee Allen (Listing Agent)
  9805811055
Corcoran HM Properties

MLS:

4285888

Sq Ft:

3,283

Owner's Quarters Sq Ft:

588

Acres:

0.81

Year Built:

1901

Last Renovated:

2020

Years in Business:

7

MLS:

4285888
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Financial Overview

Asking Price:

USD $750,000

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