This Hospitality Property is no longer advertised on LoopNet.com.
1220 E Main St
Havelock, NC 28532
Econo Lodge Cherry Point · Hospitality Property For Sale
·
37,272 SF

INVESTMENT HIGHLIGHTS
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings.
- Fully-Renovated Over the Prior Four Years with Minimal Change-in-Ownership PIP Expected.
- Central Location with Frontage on Main Street Highway 70 (29,000 Vehicles Per Day) | 3.4 Miles from MCAS Cherry Point (9,400+ Active Duty).
- Fee Simple Interest in the Interior Corridor, Two-Story, 73-Key, Limited-Service Econo Lodge on 1.45 Acres.
- Underperforming Property with 48.3% RevPAR Penetration | Absentee-Owner Operated by Staff.
- Highway 70 is Currently Being Expanded from Raleigh to Havelock, Under a New Designation as Interstate 42.
PROPERTY FACTS
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.45 AC |
Building Size | 37,272 SF |
No. Stories | 2 |
Year Built | 1978 |
Corridor | Interior |
Zoning | HC - Highway Commercial |
AMENITIES
- Business Center
- Pool
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,793,400 |
Land Assessment | $242,090 | Total Assessment | $2,035,490 |
Listing ID: 25993385
Date on Market: 6/22/2022
Last Updated:
Address: 1220 E Main St, Havelock, NC 28532