Motel 6

Price: $2,600,000

Location: VA

Units: 62

UNDER AGREEMENT

Property Overview: 

This 62-unit limited service Motel 6 is ideally located just off a major U.S Highway, only 2 miles from a heavily traveled Interstate, and within close proximity to several leisure, commercial, and educational demand generators.

The facility is made up of a two-story building that contains 15 interior corridor guestrooms, and 37 exterior corridor guest rooms, spacious lobby, guest laundry, as well as three revenue generating apartments, all of which is situated on +/- 1.9739 acres of land.

Physical Features: 

  1. Interior & Exterior Corridor Guestrooms
  2. Two-Story Building
  3. Guest Laundry
  4. (3) Revenue Generating Apartments
  5. +/- 1.97 Acres of Land (Fee Simple)

Investment Considerations:

  1. The Motel 6 is strategically located just off a major U.S Highway, only 2 miles from an Interstate, and within close proximity to several leisure, commercial, and educational demand generators
  2. Recent renovations to include new roof installed in 2019
  3. Priced below replacement cost at $41,935 per unit
  4. Unencumbered by management
  5. Excellent investment opportunity for a first-time buyer
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