Unique investment opportunity in the heart of Valdese, NC! This B-2 zoned property once operated as a hotel with up to 10 efficiency units, two of which were damaged by fire. In addition, a stately brick home (vacant for many years) remains on site, offering potential for restoration or redevelopment. The property sits in a prime location within the charming town of Valdese, known for its Waldensian heritage and artisan culture in the foothills of Western North Carolina. Surrounded by local businesses, industry, shopping, dining, and entertainment, this site offers excellent visibility and accessibility with convenient access to I-40. Rare chance to bring fresh life to a piece of local history! Agent must be present for all showings. Use caution on site.