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

  • Listing ID: 25993385

  • Date on Market: 6/22/2022

  • Last Updated:

  • Address: 1220 E Main St, Havelock, NC 28532