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Capstone is pleased to present the 1Thirty1 Motel
Conversion, a motel-to-apartment redevelopment opportunity located in
Charlotte, NC. The property currently operates as a 110-unit Motel 6. The
motel-to-apartment conversion space gives a rare opportunity for developers to
reposition the existing asset into a rental apartment community. This allows
buyers to provide attainable housing, without incurring the expenses of
ground-up construction. Potential renters will benefit from incredible
accessibility to the employment and retail nodes off Interstate 77. Convenient location
and the strength of the surrounding multi-family fundamentals make 1Thirty1 an
attractive investment opportunity.
Rare Motel-to-Apartment Redevelopment Opportunity
Unbeatable Accessibility to Employment and Retail Nodes
Strong Submarket Fundamentals