Loyalty Inn MULTI FAMILY (former Charlotte Express Inn) Listing Details & Market Data

1240 Lucky Penny Street, Charlotte, NC 28208

  • For Sale $10,000,000
  • Property Type Other
  • Units 0
  • Lot Size 3.54 Acre
  • # of Floors 2
  • Building Class C
  • Year Built 1973
  • Date Updated Apr 20, 2024

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.

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Contacts

broker

Charlotte Jones

KW Commercial| Keller Williams Town & Country

Location

Getting Around

  • Walk Score ®

    Car-Dependent (42)

  • Transit Score ®

    Some Transit (40)

  • Bike Score ®

    Somewhat Bikeable (37)
Powered by Walk Score ®
  • City Charlotte, NC
  • Neighborhood Thomasboro - Hoskins
  • Zip Code 28208
  • Market Charlotte

Points of Interest

  • Johnson C. Smith University

    2.19 miles

  • French Street

    2.24 miles

  • Bruns Avenue

    2.25 miles

  • Bruns Avenue

    2.25 miles

  • Wesley Heights

    2.30 miles

  • Irwin Avenue

    2.67 miles

  • Johnson & Wales

    2.82 miles

  • Gateway Station

    3.02 miles

  • Mint Street

    3.18 miles

  • Bland Street

    3.33 miles

  • Exxon

    0.48 miles

  • QuikTrip

    1.43 miles

  • Shell

    1.70 miles

  • Murphy USA

    1.75 miles

  • Mystik

    1.77 miles

  • Marathon

    1.80 miles

  • QuikTrip

    1.86 miles

  • 7-Eleven

    1.93 miles

  • 7-Eleven

    2.17 miles

  • Mobil

    2.17 miles

  • Charlotte Park 'N Go

    2.35 miles

  • TNC Staging Lot

    2.37 miles

  • Business Valet 1

    2.50 miles

  • Employee Lot 3

    2.59 miles

  • Business Valet 2

    2.61 miles

  • Employee Lot 2

    2.62 miles

  • Long Term 4

    2.74 miles

  • Ceder Street Parking Deck (Lot D)

    2.83 miles

  • Employee Lot 4

    2.84 miles

  • Lot A

    2.88 miles

  • Wendy's

    0.34 miles

  • Pizza Hut

    0.50 miles

  • Taco Bell

    0.67 miles

  • Bojangles'

    0.86 miles

  • Domino's

    1.03 miles

  • McDonald's

    1.07 miles

  • KFC

    1.12 miles

  • Showmars

    1.21 miles

  • Cook Out

    1.25 miles

  • Jack in the Box

    1.34 miles

  • Thomasboro High School

    0.35 miles

  • Lakeview School

    1.00 miles

  • Stewart Creek High School

    1.09 miles

  • Movement School

    1.12 miles

  • Allenbrook Elementary School

    1.33 miles

  • Bishop Spaugh Community Academy Middle School

    1.38 miles

  • Seversville School

    2.06 miles

  • Biddleville School

    2.21 miles

  • University Park Creative Arts Elementary School

    2.22 miles

  • Northwest School of the Arts High School

    2.25 miles

  • Dilworth Child Development Center

    3.81 miles

  • Pride and Joy Daycare

    4.44 miles

  • Gateway Academy Child Development Center

    7.34 miles

  • Primrose School of Lake Wylie at Steele Creek

    7.34 miles

  • The Learning Experience

    7.47 miles

  • Dogwood Lane Children's Academy

    7.85 miles

  • Childcare Network

    7.88 miles

  • Preschool Connection Learning Academy

    7.93 miles

  • Childcare Network

    8.15 miles

  • La Petite Academy of Charlotte

    9.30 miles

Contact Listing Broker

broker

Charlotte Jones

KW Commercial| Keller Williams Town & Country