WaterWalk Charlotte

Jones Lang LaSalle, a North Carolina licensed real estate broker, has been retained as the exclusive sales representative for WaterWalk, a unique 153-unit extended stay hotel conversion opportunity located at 1525 W Arrowood Road in Charlotte, NC. Built in 2020, this modern extended stay property presents a streamlined conversion opportunity to a high-end multifamily asset without the typical structural complications of hotel conversions.

The property already features full kitchens and in-unit washer/dryer capability in every unit, allowing for a light-touch repositioning focused on high-impact residential upgrades rather than costly structural work. With an estimated conversion cost of $1.65M-$2.75M, the investment strategy includes luxury lobby transformation, electrical/BTU submetering, and converting the industrial laundry into premium resident amenities.

Strategically positioned with direct I-77 access in South Charlotte's established employment corridor, WaterWalk offers acquisition opportunity at a significant discount to replacement cost and recent comparable sales ranging $215K-$250K per unit.