Independent Motel

Price: $1,150,000

Location: VA

Units: 32

UNDER CONTRACT

Property Overview: 

This 32-unit limited service Independent Motel is ideally located just off a major State Highway and is within close proximity to a large body of water, and an array of leisure, corporate, and regional demand generators.

The facility is comprised of a two-story structure, consisting of 32 exterior corridor guest rooms, registration desk, and owner / manager’s living quarters, all of which is situated on +/- 0.799 acres land with excellent roadside visibility.

Physical Features: 

  1. Two-story
  2. Exterior corridor
  3. Owner / manager’s living quarters
  4. +/- 0.799 acres of land (fee simple)

Investment Considerations:

  1. Excellent investment opportunity for a first time buyer or a focused owner / operator to drive top-line revenues and improve operating efficiency for increased cash flow
  2. Upward trending room sales over the past 36 months
  3. Absentee ownership
  4. Ideally located just off a major State Highway and within close proximity to a large body of water, and an array of leisure, corporate, and regional demand generators
{"autoplay":"true","autoplay_speed":"3000","speed":"300","arrows":"true","dots":"false","rtl":"false"}