Rocky Mount NC – Carleton House put up for sale (The True Message Around This Finally Coming To A Head)

The Political Agitator’s response: So glad to see Gerstl tell the real story behind this deal. But Lige Daughtridge Community Council and others have been blaming the council for this project not happening. He said the $55,000 did not break or make the deal. The Special Cs just lie, lie, lie!

A real estate investor told the Telegram he and his team of partners have decided not to restore a former downtown motor lodge and restaurant and have placed the location on the market.

“There’s a lot of reasons why we decided not to proceed with this project,” Jesse Gerstl said about the Carleton House site, which is in the 200 block of North Church Street. “I think the main is that we’ve got a lot of other projects going on in downtown — and this was a very big project and the timing wasn’t really right.”

Gerstl declined to state how much he and his team are asking for the location, which is listed online with the Mumford Co., which specializes in advising hotels, and with the Chambliss & Rabil real estate company.

A check of Mumford’s website showed the list price for the location at $1.55 million.

While not stating the price, Gerstl told the Telegram he and his team are offering the property for sale for what he and his team presently have invested in the location.

“We’re not trying to make a profit off of this,” Gerstl said. “We still believe this is a very important piece in the downtown redevelopment puzzle . . . (Read more)