20740 Torrence Chapel Rd - Hospitality FOR SALE


Cornelius, NC 28031
$5,450,000 USD
704-614-2341
20740 Torrence Chapel Rd, Cornelius, NC for Sale
$5,450,000 USD
Hospitality - FOR SALE
1/12
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20740 Torrence Chapel Rd
Cornelius, NC 28031


HIGHLIGHTS

  • Established economy class hotel at superior location.
  • 91,500 ave traffic count at the I-77 exit, and 27,500 ave daily count at nearby W Catawba Ave.
  • Property well maintained and regularly updated.
  • New Roof.

OVERVIEW

Established Lake Norman economy hotel located on heavily travelled I-77 at Exit 28, Cornelius, just north of Charlotte. In good condition with periodic upgrades. Outdoor, handicap accessible pool. Ample parking and easy access. Within easy proximity to food, drink, and conveniences. Contact agents for more information and for showings.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$155 USD /SF

# OF ROOMS

69

PRICE/ROOM

$78,986 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn & Suites Cornelius - Lake Norman

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

134

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

B2

APN/PARCEL ID

001-144-07

ASK ABOUT THIS PROPERTY

Doug SutherlandLake Norman Realty, Inc.More Info
704-614-2341

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Doug SutherlandLake Norman Realty, Inc.More Info
704-614-2341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.