Independent Motel

Price: $2,375,000

Location: VA

Units: 74

NEW LISTING

Property Overview: 

This 74-unit limited service Independent Motel is ideally located just off a major U.S. Highway and situated on +/- 3.34 acres of land with breathtaking lakefront views.

The main hotel building is a two-story “U” shaped structure, consisting of 66 exterior corridor guest rooms, spacious lobby, and outdoor swimming pool, all of which is situated on +/- 2.00 acres land.

The efficiency building is a two-story structure consisting of 8 exterior efficiencies with kitchenettes, which is situated on +/- 0.37 acres land. There is an additional two parcels of land totaling +/- 0.97 acres of land which currently houses the rear parking lot.

Physical Features: 

  1. Two-story
  2. Free-standing efficiency building
  3. Exterior corridor
  4. Lakefront views
  5. Boat docks
  6. Outdoor swimming pool
  7. +/- 3.34 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. Good condition with recent renovations
  3. Absentee ownership
  4. Ideally located just off a major U.S. Highway and situated on +/- 3.34 acres of land with breathtaking lakefront views
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