For Sale
$6,160,223

1721 Broadcast StGastonia, NC 28052

104-Key Hotel, Strong Cash Flow, Charlotte MSA

Overview

Added:
Dec 11, 2024
Days on market:
116
This 104-key Econo Lodge in Gastonia, NC, presents a compelling investment opportunity. Located on a 4.11-acre lot (APN 100111) in a high-traffic corridor at I-85 and US 321, this two-building, single-story hotel boasts a 65% occupancy rate. Built in 1988 and renovated in 2022, the property offers significant value-add potential through re-flagging or operational enhancements. Its proximity to Charlotte Douglas International Airport (17.4 miles) and Charlotte Uptown (24 miles) ensures strong tourism and business travel appeal. The property benefits from minimal operating expenses and consistent cash flow, generating a strong net operating income (NOI). Surrounding retail amenities include Quiktrip, Zaxby's, Wendy's, Hardee's, Taco Bell, and FedEx. The property is zoned commercial and is offered fee-simple, unencumbered by debt or management contracts. Gastonia's low property taxes and North Carolina's favorable business environment further enhance the investment's attractiveness. This owner-user investment is ideal for those seeking a manageable, profitable hospitality asset in a thriving market. The asking price is $6,160,223.

Highlights

  • Strong investment opportunity in tax-friendly Charlotte MSA with low property taxes and approachable revenue multiple.
  • Consistent cash flow, low operating expenses, and strong NOI. Outperforms comparable hotels in key metrics.
  • Value-add potential: operate independently, renovate, or rebrand.
  • Manageable size ideal for owner-operator, maximizing profitability.
  • 17.4 miles from Charlotte Douglas International Airport and 24 miles from Uptown Charlotte.
  • High visibility location at I-85 and US 321 intersection.

Property Details for 1721 Broadcast St

Property type
Hospitality properties, Motels
Year Built/Renovated
1988/2022
Buildings
2
Stories
1
Lot Size (sq. ft)
179,032 SF

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.285767
Longitude
-81.1907682
1721 Broadcast St, Gastonia, North Carolina

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1721 Broadcast St
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