1721 Broadcast St Gastonia, NC 28052-1821
- Hotels
- 15,744 SF
- 4.10 lot acres
Current Use by Public Records
- Lakeside Lodge / Motel
- Red Carpet Inn & Suites / Motel / Hotel
- Universal EV Charging Station / Electric Vehicle Charging Station
- Econo Lodge / Hotel
Property Details for 1721 Broadcast St
- Year built
- 1988
- Lot size
- 4.10 lot acres
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1904
- Latitude
- 35.2861
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
