1721 Broadcast StGastonia, NC 28052

Property Details for 1721 Broadcast St

Year built

1988

Lot size

4.10 AC

Property size (Sq ft)

15,744 SF

Zone code

MOTL1

Property type

Hotels

Property subtype

Motels

APN

100111

APU

100111

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,100,920

  6.5%

  $2,862,390

  7%

  $2,657,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,266,180

  Geo Method

  $2,266,180

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,309,190

  Retail / Commercial

  $3,800,500

  Mixed-Use / Specialty

  $3,828,220

  Office

  $3,848,470

  Institutional / Educational

  $3,994,560

  Residential Income

  $4,673,640

  Multifamily

  $5,376,480

  Automotive / Energy

  $3,423,910

  Parking / Income-Based Land

  $1,140,770

  Restaurant / Food Service

  $2,079,180

  Healthcare / Senior Housing

  $3,883,440

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2861

Longitude

-81.1904

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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