1Thirty1 Motel Conversion

1Thirty1 Motel Conversion

Charlotte, NC
  • Property Type: Apartments
  • Year Built : 1984
  • Property Size: 26,450 SF / 110 Units


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.

Investment Highlights

  • Rare Motel-to-Apartment Redevelopment Opportunity
  • Unbeatable Accessibility to Employment and Retail Nodes
  • Strong Submarket Fundamentals

Contact Information

Austin Heithcock Senior Advisor P: 615.477.1971
O: 800.746.3175 ext. 7021
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 7006
Jordan Arand Investment Sales Advisor P: 815.291.9250
O: 800.746.3175 ext. 7047
Joshua White Investment Sales Advisor P: 334.703.2492
O: 800.746.3175 ext. 7022