Red Roof Inn & Suites Cornelius - Lake Norman | 20740 Torrence Chapel Rd
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Red Roof Inn & Suites Cornelius - Lake Norman 20740 Torrence Chapel Rd
69 Room Hotel Cornelius, NC 28031 $7,725,211 CAD ($111,960 CAD/Room)
Investment Highlights
- Established economy class hotel at superior location.
- Property well maintained and regularly updated.
- 91,500 ave traffic count at the I-77 exit, and 27,500 ave daily count at nearby W Catawba Ave.
- New Roof.
Executive Summary
Established Lake Norman economy hotel located on heavily travelled I-77 at Exit 28, Cornelius, just north of Charlotte. In good condition with periodic upgrades. Outdoor, handicap accessible pool. Ample parking and easy access. Within easy proximity to food, drink, and conveniences. Contact agents for more information and for showings.
Property Facts
| Price | $7,725,211 CAD | Building Size | 35,055 SF |
| Price Per Room | $111,960 CAD | No. Rooms | 69 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2021 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.82/1,000 SF |
| Lot Size | 2.11 AC | Corridor | Exterior |
| Price | $7,725,211 CAD |
| Price Per Room | $111,960 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 35,055 SF |
| No. Rooms | 69 |
| No. Stories | 3 |
| Year Built/Renovated | 1988/2021 |
| Tenancy | Single |
| Parking Ratio | 3.82/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $197.03 CAD | - |
| Guest Room | 65 | $131.82 CAD | - |
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PROPERTY TAXES
| Parcel Number | 001-144-07 | Improvements Assessment | $5,503,109 CAD |
| Land Assessment | $2,133,859 CAD | Total Assessment | $7,636,968 CAD |
PROPERTY TAXES
Parcel Number
001-144-07
Land Assessment
$2,133,859 CAD
Improvements Assessment
$5,503,109 CAD
Total Assessment
$7,636,968 CAD
zoning
| Zoning Code | B2 (Business) |
| B2 (Business) |
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Red Roof Inn & Suites Cornelius - Lake Norman | 20740 Torrence Chapel Rd
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