Overview
- 156 Rooms
- Category
- Apartments, Extended Stay, Hotels
Description
📍 1240 Lucky Penny St, Charlotte, NC 28208
🛏 106 Units | Exterior Corridors | Zoned for Apartments
1. Fully Zoned Studio Conversion Opportunity
Loyalty Inn presents a 106-unit exterior corridor repositioning opportunity fully zoned for apartment use. With renovations permitted, investors can execute directly without entitlement uncertainty.
2. Flexible Operational Strategy
Offered as-is or fully renovated, kitchenettes will be added upon completion. The layout supports studio apartment conversion or extended stay stabilization depending on capital deployment strategy.
3. Strategic Charlotte Location
Located approximately two miles from downtown Charlotte and 1.5 miles from Panthers / Bank of America Stadium, the property benefits from proximity to core urban demand drivers. The site is also approximately four miles from Charlotte Douglas International Airport.
4. Urban Infill Value Position
Positioned within the Charlotte MSA, this asset provides defined scale at an accessible basis in one of the Southeast’s fastest-growing markets.
