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31479306
31479308

1901 Broadcast St, Gastonia, NC 28052

SR
NC C32060, CA 02101543 (+42)
ParaSell Inc
KC
CA 02197934
Connolly Investments
WC
CA CA 01962332
Connolly Investments
Listed by ParaSell Inc, Connolly Investments
Unpriced
75 days on market
Updated 72 days ago
Opportunity zone

Motel 6 Gastonia NC

Details
APN 207728
Property Type Hospitality
Sub Type Hotel
Square Footage 23,031
Keys 59
Occupancy 79.6%
Broker Co-Op Yes
Year Built 1999
Year Renovated 2019
Buildings 1
Acreage 1.230
Zoning C-3
Parking Spaces 65 spaces
Parking Per SqFt 2.82
Investment Type Stabilized
Ground Lease No

Interior Corridor | Charlotte MSA Hotel | 59 Keys

Marketing description

The offering presents the opportunity to acquire a 59-key Motel 6 located at 1901 Broadcast St in Gastonia, North Carolina, within the broader Charlotte MSA. The asset features an efficient interior corridor design and a highly functional layout that supports streamlined operations and consistent guest demand.

The property has demonstrated strong in-place cash flow supported by a lean operating model, making it an attractive yield-oriented investment. Its moderate key count strikes a balance between scale and manageability, appealing to hands-on owner-operators seeking operational control and margin optimization.

Strategically positioned just west of Charlotte, the hotel benefits from proximity to one of the Southeast’s fastest-growing metro areas, while maintaining a lower cost basis relative to core urban assets. The surrounding corridor captures steady transient demand driven by highway traffic, regional commerce, and nearby retail amenities, providing a reliable base of occupancy throughout the year.

The interior corridor construction enhances long-term durability, safety perception, and brand optionality, offering investors and owners flexibility to maintain the existing flag or explore repositioning strategies to further drive revenue.

Overall, the asset represents a stable, cash-flowing investment sub $5M purchase price with operational upside potential in a high-growth regional market, supported by strong accessibility, favorable economics, and continued demand drivers within the Charlotte MSA.

Investment highlights

HOTEL

Established Hotel Opportunity: Offering includes established hotel & operations of a 59-key Motel 6 located in Gastonia, NC. Fee-simple real estate and building is unencumbered of debt or management contracts.

Strong Hotel Investment Fundamentals: Positioned within a tax-friendly state at an approachable revenue multiple, this property represents an ideal investment opportunity, underscored by its advantageous location in Charlotte MSA and Gastonia’s low property taxes.

Minimal Expenses, Proven Historical Cash Flows: The property has a history of consistent cash flow with minimal operating expenses, making it a financially stable investment. Its efficient cost structure allows for strong net operating income (NOI), positioning it as a dependable income-producing asset for potential buyers. The Motel 6 has consistently indexed higher than comp set in all metric categories.

Brand Flexibility: Buyers have the flexibility to continue operations under the Motel 6 flag or to consider rebranding options as the interior corridor nature allows for brand flexibility.

Ideal Owner-Operator Investment: With its manageable size and operational efficiency, this property is perfect for an owner-operator. The hands-on management approach allows for greater control over operational expenses, enhancing profitability.

LOCATION

Proximity to Charlotte: The property enjoys an exceptional location just 17.4 miles from Charlotte Douglas International Airport and only 24 miles from the largest business district in the Carolinas, Charlotte Uptown. This reflects convenience accessibility, robust tourism appeal and enhanced business travel.

High Traffic Corridor: Conveniently situated at the crossroads of I-85 and US 321, this prime location offers exceptional accessibility for both domestic and international travelers, connecting Charlotte, Greensboro, and Durham to the Northeast, as well as Spartanburg, Greenville, and Atlanta to the Southwest.

Synergistic Surrounding Retail: The subject property benefits from favorable access to high-traffic retail and food options including Quiktrip, Zaxbys, Wendy’s, Hardee’s, Taco Bell, and Fedex.

Vibrant North Carolina Economy: North Carolina boasts a substantial GDP of $729.4 billion as of 2022, making it the ninth-largest economy in the U.S. With an economic growth rate of 6.7% and a job growth rate of 3.5%, the state has firmly established itself as a hub for diverse industries, including finance, technology, and manufacturing. North Carolina is consistently ranked among the top states for business by Forbes and CNBC, owing to its favorable tax policies, skilled workforce, and robust infrastructure.

Listing Contacts

SR
NC C32060, CA 02101543 (+42)
ParaSell Inc
KC
CA 02197934
Connolly Investments
WC
CA CA 01962332
Connolly Investments
Listed by ParaSell Inc, Connolly Investments

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Additional Information

Name
Scott Reid
License
C32060
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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