Super 8

Price: $1,750,000

Location: VA

Units: 52

NEW LISTING

Property Overview:

This 52-unit limited service Super 8 is ideally located on a major U.S. Highway in Virginia, within close proximity to an array of area demand generators.

The facility, built in 1988, is a two-story structure consisting of 50 interior corridor guestrooms, spacious lobby, guest laundry facility, and (2) additional units currently being used for manager’s and housekeeper’s apartments, all of which is situated on +/- 3.96 acres of land with excellent visibility and accessibility from U.S. Route 58.

Physical Features: 

  1. Two-Story
  2. Built in 1988
  3. Interior Corridor
  4. Guest Laundry Facility
  5. +/- 3.96 acres of land (fee simple)

Investment Considerations:

  1. The property is priced well below replacement cost at +/- $35,000 per unit
  2. Great opportunity for a first-time buyer
  3. Excellent physical plant with recent renovations and minimal PIP anticipated upon change of ownership
  4. Very good budget franchise affiliation with Super
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