350 Venus St | Monroe, NC 28112
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- LoopNet Team
350 Venus St
Monroe, NC 28112
Super 8 by Wyndham Monroe · Hospitality Property For Sale
·
36,488 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.
- Property Performance Improved During 2020 & 2021 Despite the Pandemic | Trailing 12 RevPAR up 6% YOY
- Located in a Federal Qualified Opportunity Zone with Proximity to Charlotte MSA
- Fee Simple Interest in the 102-Room, One-Story, Exterior Corridor Asset on 3.95 Acres
- Priced Well-Below Replacement Costs at $40,000/Key | Attractive 13%+ Cap Rate and 3.3X RRM
- SBA(7A) Financing Available with CARES Act Incentives | Three Months Waived Mortgage Payments & Waived Guarantee Fees
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 36,488 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1989/2019 |
| Lot Size | 3.95 AC | Corridor | Exterior |
| Zoning | AP9 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.95 AC |
| Building Size | 36,488 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2019 |
| Corridor | Exterior |
| Zoning | AP9 |
AMENITIES
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 09-156-026 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,567,500 |
PROPERTY TAXES
Parcel Number
09-156-026
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,567,500
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