757-589-6954
124 Woodland Dr SW, Wise, VA for Sale
Hospitality - FOR SALE
1/21
null | Request Cap Rate

124 Woodland Dr SW
Wise, VA 24293


HIGHLIGHTS

  • Fee Simple Interest in the 60-Room, Three-Story, Interior-Corridor, Limited-Service Hotel
  • Immediate Upside to Complete Renovations and Return Rooms to Inventory with PIP Materials Conveying at Sale
  • Strategically Located Less Than Two Miles from the University of Virginia’s College at Wise
  • Proximity to the $65 Million DP Facilities Mineral Gap Data Center and Proposed Two-Million-Square-Foot Wise Innovation Hub

OVERVIEW

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Best Western of Wise, located at 124 Woodland Dr SW Wise, Virginia 24293. The subject property is a 60-room, three-story, interior-corridor, limited-service hotel constructed in 1999 and situated on approximately 1.12 acres with direct visibility and access to U.S. Route 23 (approximately 23,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

60

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Of Wise

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

B-2

APN/PARCEL ID

R035309

ASK ABOUT THIS PROPERTY

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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