Independent Property

Location: Virginia

Units: 37

New Listing

Property Overview:

The property is a 37 unit limited service independent motel. The facility, built in 1985, is a two story structure consisting of 37 exterior corridor guest rooms, a lobby / front desk area, and a owner / manager apartment, all of which is situated on +/- 0.60 acres of land with excellent interstate and roadside visibility.

Physical Features: 

  1. Built in 1985
  2. +/- 0.60 Acres of Land
  3. Kitchenette Units
  4. Located in close proximity to numerous demand generators to include educational, leisure and commercial points of interest.
  5. Fitness Center
  6. Guest Laundry Facility
  7. Owners / Managers Living Quarters

Investment Considerations:

  1. Redevelopment opportunity to repurpose the building
  2. The property will located just a short drive from the “Live Casino” which is under development with an estimated project cost of $1.4B. This project will provide for over 1,000 permanent jobs once opened with an estimated annual revenue impact of +/- $200M.
  3. Located just off Interstate I-95 and less than 2 miles from Interstate I-85. The property’s location provides for easy access to Fort Gregg-Adams and Virginia State University.
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