Loyalty Inn MULTI FAMILY (Charlotte Express Inn)

1240 Lucky Penny Street, Charlotte, NC

$10,000,000

Price

37,554 sqft

Building Size

3.54 acres

Lot Area

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Street
Map
Overview
Building Size
37,554 sqft
Lot Area
3.54 acres
Units
111
Occupancy
98%
Year Built
1973
Zoning
B2 - Hotel & Multi Family
Floors
2
Description

APPROVED FOR MULTI FAMILY. Loyalty Inn (former Charlotte Express Inn), Charlotte, NC being offered for sale. Currently running as a hotel and approved for 111 units. The property sits on a 3.45 acres, right off I-85 just 4 miles from Charlotte Douglas International Airport. It is 2 story, exterior corridor, built in 1973. The large 312 sf rooms provide buyer the opportunity to add full kitchenettes. Amenities include a 250 sf meeting room, guest laundry room, fitness room and outdoor pool. Charlotte Regional Business Alliance reports show 2.2B capital investments coming to the area confirming continued growth in Mecklenburg county. The city is in great need of affordable housing. Tremendous opportunity for new owner. Seller may consider lease option/seller finance.


100 rooms (111 total - additional 11 rooms can be converted from existing spaces) Exterior Corridor Built in 1973 Right off I-85 exit 34 Outdoor pool Large rooms High demand for affordable housing 4 miles from Aviation Museum 4 miles from Truist Field 4 miles from Convention Center 4 miles from Charlotte Douglas International Airport


APPROVED FOR MULTI FAMILY. Charlotte Express Inn, Charlotte, NC being offered for sale. Currently running as a hotel and approved for 111 units. The property sits on a 3.45 acres, right off I-85 just 4 miles from Charlotte Douglas International Airport. It is 2 story, exterior corridor, built in 1973. The large 312 sf rooms provide buyer the opportunity to add full kitchenettes. Amenities include a 250 sf meeting room, guest laundry room, fitness room and outdoor pool. Charlotte Regional Business Alliance reports show 2.2B capital investments coming to the area confirming continued growth in Mecklenburg county. The city is in great need of affordable housing. Tremendous opportunity for new owner. Seller may consider lease option/seller finance.

Location
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