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421 S Salisbury St; Raleigh, NC Property Details

421 S Salisbury St, Raleigh, NC is a Hotel that was built in 1981. This property is currently Financed and is not for sale. Our records show that 421 S Salisbury St has a total of 249,480 square feet. The lot size of 421 S Salisbury St is 27,878 square feet.

Off market
421 S Salisbury St Raleigh, NC 27601
$59,748,569 Estimated Value
249,480 SqFt
Property Type
Hotel
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Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1981
  • Purchase Price: $27,754,500
  • Open Loans / Balance: 1 / $127,993,215
  • APN: 1703.42-67-8106-000
  • Situs County: Wake
  • Length Of Ownership: 6 months

Structure

  • Building Style: Concrete
  • Stories: 5
  • Exterior Wall Type: Brick
  • Building Condition: Good
  • Roof Type: Flat
  • Pool Type: Yes
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 249,480/SqFt
  • Lot: 27,878/SqFt
  • Gross: 249,480/SqFt
  • Living: 249,480/SqFt
  • Basement: 12,180/SqFt
  • Building: 249,480/SqFt
  • Price Per Square Foot: $111.25

Legal Description

  • Description: RADISSON HOTEL PROP (428-30 FAYETTEV ST)
Building Insights

Land Information

  • Property Type: Hotel
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Wake County Schools
  • Lat / Lon: 35.774937 / -78.63991
  • Subdivision: Lb Raleigh Hotel Llc
  • Property Class: Commercial
  • Zoning: DX-40
  • County Use Code: 31

Amenities

  • Heating Fuel Type: Gas
  • Pool: true
  • Plus Four: 1730
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Forced air unit

Ownership Info

421 S Salisbury St has no associated ownership info
421 S Salisbury St has no associated ownership info.

Taxes

421 S Salisbury St has 10 associated Taxes items

421 S Salisbury St, Raleigh, NC pays taxes in Wake County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $59,748,569. The APN we've located for 421 S Salisbury St is 1703.42-67-8106-000.

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Taxes
  • Assessed Value:  $59,748,569
  • Assessed Year:  2025
  • Assessed County:  Wake
  • APN:  1703.42-67-8106-000
  • Assessed Land Value:  12748609
  • Market Land Value:  12748609
  • Tax Amount:  561696.3
  • Tax Year:  2025
  • Market Value:  59748569
  • Market Year:  2025

Tax History

421 S Salisbury St has 12 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $59,748,569 Land Value $12,748,609 Improvement Value $46,999,960 Tax Amount $561,696.31 Change Rate +0.003844% Assessed CR Tax Rate +0.009401%
Year 2024 Assessed Value $59,748,569 Land Value $12,748,609 Improvement Value $46,999,960 Tax Amount $559,545.38 Change Rate -0.040209% Assessed CR Tax Rate +0.009365%
Year 2023 Assessed Value $49,887,638 Land Value $9,748,937 Improvement Value $40,138,701 Tax Amount $582,986.94 Change Rate +0.071029% Assessed CR Tax Rate +0.011686%
Year 2022 Assessed Value $49,887,638 Land Value $9,748,937 Improvement Value $40,138,701 Tax Amount $544,324 Change Rate +0.072861% Assessed CR Tax Rate +0.010911%
Year 2021 Assessed Value $49,887,638 Land Value $9,748,937 Improvement Value $40,138,701 Tax Amount $507,357.28 Change Rate +0.017814% Assessed CR Tax Rate +0.01017%
Year 2020 Assessed Value $49,887,638 Land Value $9,748,937 Improvement Value $40,138,701 Tax Amount $498,477.28 Change Rate +0.29463% Assessed CR Tax Rate +0.009992%
Year 2019 Assessed Value $31,513,701 Land Value $4,177,518 Improvement Value $27,336,183 Tax Amount $385,034.41 Change Rate +0.057378% Assessed CR Tax Rate +0.012218%
Year 2018 Assessed Value $31,513,701 Land Value $4,177,518 Improvement Value $27,336,183 Tax Amount $364,140.81 Change Rate +0.047407% Assessed CR Tax Rate +0.011555%
Year 2017 Assessed Value $31,513,701 Land Value $4,177,518 Improvement Value $27,336,183 Tax Amount $347,659.16 Change Rate +0.090458% Assessed CR Tax Rate +0.011032%
Year 2016 Assessed Value $29,473,906 Land Value $4,177,518 Improvement Value $25,296,388 Tax Amount $318,819.25 Change Rate +0.249571% Assessed CR Tax Rate +0.010817%
Year 2015 Assessed Value $22,901,258 Land Value $1,393,900 Improvement Value $21,507,358 Tax Amount $255,142.92 Change Rate +0.050641% Assessed CR Tax Rate +0.011141%
Year 2014 Assessed Value $22,901,258 Land Value $1,393,900 Improvement Value $21,507,358 Tax Amount $242,844.94 Change Rate Assessed CR Tax Rate +0.010604%
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