2001 Mount Harmony Church Rd - Hospitality FOR SALE
Matthews, NC 28104 |
2001 Mount Harmony Church Rd
Matthews, NC 28104
HIGHLIGHTS
- Converted from a Country Inn & Suites in 2023, the property underwent a full brand conversion with over $1.2 million in capital improvements.
- 12 months post-renovation, the hotel is projected to surpass $1.8 million in annual revenue.
- The property is strategically located near U.S. Route 74 and I-485, with combined traffic counts of approximately 97,540 vehicles per day (VPD).
- Matthews, NC is undergoing rapid growth supported by major public and private investments.
- Matthews, NC recently implemented new short-term rental regulations which is expected to redirect demand to hotels and create more stable occup.
- Located within the high-growth Charlotte MSA - the property benefits from proximity to one of the fastest-growing metros in the U.S.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Wingate by Wyndham Matthews/Charlotte
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
39186
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2001
PARKING SPACES
79
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
I-2 (CD)
APN/PARCEL ID
215-092-21
