Listed by Keller Williams
$4,400,000
$302K NOI | Minimal PIP | Multiple LOIs – No Executed PSA
Details
APN 1634446
Property Type Self Storage
Square Footage 17,524
Units 1
Year Built 1957
Stories 1
Acreage 2.000
65-Key NC Hotel | $1.2M Revenue | Value-Add Opportunity
Marketing description
Below-market operational performance presents immediate upside opportunity
Ability to push ADR through improved asset positioning and branding strategy
Opportunity to reduce OTA dependency and increase direct bookings
Strong potential for cost segregation and tax advantages
Room to implement dynamic pricing and yield management systems
Opportunity to capture group and extended-stay demand segments
Minimal new supply pipeline in the immediate submarket
Potential to enhance curb appeal and first impressions with modest capex
Flexible exit strategies including stabilization and resale or refinance
Attractive risk-adjusted return profile in a secondary market
Investment highlights
INVESTMENT HIGHLIGHTS
- ~$1.2M in annual revenue providing immediate in-place cash flow
- 65-key asset offering operational efficiency and manageable scale
- Strong revenue per key relative to similar tertiary markets
- Opportunity to improve ADR through light renovations and repositioning
- Potential to increase RevPAR with improved revenue management systems
- Underserved local market with limited competitive supply
- Located along a commercial corridor with strong visibility and access
- Consistent demand from regional business and workforce travelers
- Proximity to major metros including Charlotte and Asheville
- Ability to implement professional third-party management
- Franchise conversion potential to drive brand recognition and rate growth
- Value-add through expense optimization and operational efficiencies
- Opportunity to modernize property and enhance guest experience
- Strong upside through digital marketing and OTA optimization
- Potential to increase occupancy through corporate account acquisition
- Scalable asset for both first-time and experienced hotel investors
- Favorable basis compared to replacement cost
- Stable, year-round demand drivers reducing seasonality risk
- Opportunity to improve NOI margins through strategic cost controls
- Attractive investment for yield-focused and value-add investors alike
Listing Contacts
Listed by Keller Williams
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