Hotel/Motel at 4904 Reagan Drive, Charlotte
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$6,195,000

4904 Reagan Drive
Charlotte, NC 28206
Listed by Joey Portnova · Keller Williams South Park
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1987

About this home

PRIME COMMERCIAL INVESTMENT OPPORTUNITY IN CHARLOTTE, NC! Discover an exceptional opportunity to own a 99-room hotel situated on approximately 1.81 acres at 4904 Reagan Drive in Charlotte. Conveniently located near major highways, Charlotte Douglas International Airport, Uptown Charlotte, and the city's growing business and entertainment districts, this property offers excellent accessibility for both business and leisure travelers. With an established hospitality use, substantial room inventory, and a desirable location within the Charlotte market, this property presents an exciting opportunity for hotel investors, experienced operators, and buyers seeking a value-add commercial investment. The property offers potential for operational improvements, renovations, repositioning, and increased revenue through strategic management. Whether you're looking to expand an existing hospitality portfolio or establish a presence in one of North Carolina's largest metropolitan markets, this property deserves your attention. Schedule your private showing today and explore the possibilities!

Property details

MLS
Canopy MLS
MLS #
CAR4435534
Property type
Hotel/Motel
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 19, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
123
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Highland Renaissance Academy
1.5 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
381
Student:teacher ratio
15.9:1
District
Charlotte-Mecklenburg Schools
Middle
Martin Luther King Jr Middle
1.45 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
957
Student:teacher ratio
19.1:1
District
Charlotte-Mecklenburg Schools
High
Cato Middle College High School
3.87 mi away · Grades 11-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
166
Student:teacher ratio
41.5:1
District
Charlotte-Mecklenburg Schools

Walkability

Blended score for Charlotte's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

75
Walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Google Places amenity density
80 / 100
Restaurants & cafes19
Grocery stores2
Parks3
Schools4
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in Charlotte, from live MLS data.

On the market 1 days -- 67 fewer days than Charlotte's current average of 68 days.
For reference, the median list price across 5,601 active listings in Charlotte right now is $359,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$37,457/mo
$1,239,000 down
$4,956,000 loan
Principal & interest$32,145
Property tax (est.)$5,163
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.