678-596-9669
100 Tower Dr, Danville, VA for Sale
Hospitality - FOR SALE
1/9
null | Request Cap Rate

100 Tower Dr
Danville, VA 24540


HIGHLIGHTS

  • Fee-simple hospitality opportunity offered without management encumbrances.
  • On-site leased restaurant generating stable ancillary income.
  • Significant capital improvements completed, reducing near-term expenses.
  • Beneficial franchise flexibility with the term ending in September 2027.
  • Located adjacent to Danville Mall and proximate to major corporate, healthcare, and tourism drivers.
  • Market growth fueled by large-scale development projects and regional economic diversification.

OVERVIEW

This 118-room Comfort Inn & Suites in Danville, VA offers a rare fee-simple acquisition opportunity unencumbered by management obligations. The asset sits on a 3.09-acre parcel and provides a full suite of amenities, including a business center, meeting facilities, a restaurant, and a pool. An on-site restaurant lease contributes approximately $3,000 per month in additional income, further enhancing cash flow. Recent capital upgrades, including roof and elevator improvements, ensure minimal deferred maintenance and allow a focus on driving operational performance. Franchise term flexibility exists with an expiration in September 2027, enabling rebranding or renewal options based on ownership strategy. Performance metrics indicate robust ADR growth, with 2025 ADR at $153.78 and NOI of roughly $817K, signaling strong pricing power and operational upside through occupancy growth. The property is strategically situated near major demand generators, including corporate employers like Goodyear, Tyson Foods, and Sovah Health, as well as the Caesars Virginia Casino and Dan River Riverwalk. Additionally, Danville’s economic outlook is boosted by major public and private investments such as the Caesars Virginia Resort, Dan River Falls redevelopment, and Southern Virginia Megasite initiative, all of which are expected to drive long-term lodging demand.

FOR SALE DETAILS

PRICE

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# OF ROOMS

118

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Near Danville Mall

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1982

PARKING SPACES

159

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

HIGHWAY RE

APN/PARCEL ID

50057

ASK ABOUT THIS PROPERTY

678-596-9669

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678-596-9669

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