1721 Broadcast St - Hospitality FOR SALE
Gastonia, NC 28052 |
$6,160,223 USD
334-313-6014
1721 Broadcast St
Gastonia, NC 28052
HIGHLIGHTS
- Positioned within a tax-friendly state at an approachable revenue multiple underscored by its location in Charlotte MSA & Gastonia's low property tax.
- The property has a history of consistent cash flow with minimal operating expenses, positioning it as a dependable income-producing asset.
- With its manageable size and operational efficiency, this property is perfect for an owner-operator.
- The Econo Lodge Gastonia has consistently indexed higher than comp set in all metric categories.
- Conveniently situated at the crossroads of I-85 and US 321, this prime location offers accessibility for both domestic and international travelers.
- The subject property benefits from favorable access to high-traffic retail and food options including Quiktrip, Zaxbys, Wendy’s, Hardee’s, Taco Bell.
OVERVIEW
Connolly Investments, as the exclusive representative of the seller, is pleased to present to qualified purchasers the established hotel opportunity of a 104-key Econo Lodge located in Gastonia, NC. This well-positioned, stabilized, limited-service property offers fee-simple real estate, unencumbered by debt or management contracts, with opportunities for continued strong performance and operational enhancements.
FOR SALE DETAILS
PRICE
$6,160,223 USD
PRICE/SF
$319 USD /SF
# OF ROOMS
104
PRICE/ROOM
$59,233 {currency}
CAP RATE
8%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Econo Lodge Gastonia
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
1
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1988
PARKING SPACES
163
LAND DETAILS
LAND ACRES
4.1 AC
LAND SF
178,596 SF
ZONING
MOTL1
APN/PARCEL ID
100111
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
334-313-6014
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
334-313-6014
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
