1721 Broadcast St - Hospitality FOR SALE
Gastonia, NC 28052 |
$7,160,328 USD
334-313-6014
1721 Broadcast St
Gastonia, NC 28052
HIGHLIGHTS
- Stabilized 104-key Econo Lodge with consistent cash flow and minimal operating expenses. Consistently outperforms comp set.
- Efficient cost structure allows for strong net operating income, positioning it as a dependable income-producing asset in a tax friendly state.
- Conveniently situated at the crossroads of I-85 and US 321, this prime location offers exceptional accessibility for domestic/international travelers.
- Positioned just 17.4 miles from CLT Airport and only 24 miles from largest business district in the Carolinas, Charlotte Uptown.
- Property is perfect for an owner-operator with manageable size and operational efficiency at an approachable revenue multiple.
- This property benefits from favorable access to high-traffic retail and food options for incoming clientele.
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, limited-service property offers fee-simple real estate, unencumbered by debt or management contracts, with opportunities to maintain strong stabilized revenue and competitive positioning in the surrounding area.
In Association with ParaSell, Inc. - A Licensed North Carolina Broker #C32060
FOR SALE DETAILS
PRICE
$7,160,328 USD
PRICE/SF
$371 USD /SF
# OF ROOMS
104
PRICE/ROOM
$68,849 {currency}
CAP RATE
13.64%
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
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334-313-6014
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334-313-6014
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