1185 Airport Rd - Hospitality FOR SALE


Fairmont, WV 26554
$3,200,000 USD
443-745-4018
1185 Airport Rd, Fairmont, WV for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

1185 Airport Rd
Fairmont, WV 26554


HIGHLIGHTS

  • Great for an Owner Operator - First Time Buyer
  • SBA 504 Financing is available to Qualified Buyer with as low as 10% cash down
  • Two Story Interior Corridor property with an Elevator

OVERVIEW

This 96 keys, two stories, fully renovated interior corridor asset with an elevator is well located in active Fairmont, WV market. It is located off Interstate 79. The property is a few miles from: • Valley Falls State Park • Fairmont State Park • WVU Coliseum • West Virginia University • Meadowbrook Mall The Quality Inn is progressing very nicely in 2025 after a change in the revenue management strategy by MTEL Consultants. YTD June 2025 the revenue is up by app. $ 70,000. At this rate the property room revenues are poised to reach $1,050,000…. similar revenues as in 2023. At this revenue level the Net – Net to an owner operator after mortgage is estimated at $180,000 and providing app 18 % ROI (Return on Investment) The property is priced at $ 3.2 Million, consistent with the prevailing room revenue multiplier of app. 3X. The list price is well below replacement cost for a two-story interior corridor hotel asset with an elevator. There is also a fully equipped Owner’s living quarter on the property. The property is run absentee owner. A new owner operator can increase the revenues, reduce operating inefficiencies for better Net Operating Income.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$69 USD /SF

# OF ROOMS

96

PRICE/ROOM

$33,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Fairmont

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

104

LAND DETAILS

LAND ACRES

5.01 AC

LAND SF

218,236 SF

ZONING

HC

APN/PARCEL ID

22-17-01240001

ASK ABOUT THIS PROPERTY

Vinit ModyMTEL ConsultantsMore Info
443-745-4018

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Vinit ModyMTEL ConsultantsMore Info
443-745-4018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.