140 Lithia Rd - Hospitality FOR SALE


Wytheville, VA 24382
$3,300,000 USD
661-910-8003
140 Lithia Rd, Wytheville, VA for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/1
null | 9.68% Cap Rate

140 Lithia Rd
Wytheville, VA 24382


HIGHLIGHTS

  • The property is a 70-room Travelodge by Wyndham located at the crossroads of Interstates 77 and 81 in Wytheville, Virginia.
  • The asset features exterior corridor access, two stories, and was built in 1999 with renovations completed in 2006.
  • The offering indicates no estimated PIP, allowing a buyer to avoid near-term capital expenditures.
  • Free breakfast, free Wi-Fi, pet friendly, free parking, laundry, 24-hour front desk

OVERVIEW

Travelodge Wytheville is a 70-room Travelodge by Wyndham located at 140 Lithia Road, Wytheville, Virginia, positioned directly off the I-77 and I-81 interchange, a critical regional travel corridor in Southwest Virginia. The property benefits from consistent highway traffic and serves both leisure and transient demand tied to outdoor recreation, regional attractions, and pass-through travelers. The hotel sits on approximately 6.17 acres and contains 37,184 square feet across two floors, featuring exterior corridor access. Originally built in 1999 and renovated in 2006, the asset is offered with no estimated PIP requirement, providing investors with near-term operational stability. Amenities include complimentary breakfast, free Wi-Fi, pet-friendly accommodations, free parking, on-site laundry, and 24-hour front desk service. The hotel is surrounded by a competitive lodging cluster and proximate to regional attractions such as Big Walker Lookout, Wohlfahrt Haus Dinner Theatre, and Historic Downtown Wytheville, reinforcing its role as a convenient and affordable lodging option in the market.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$400 USD /SF

# OF ROOMS

70

PRICE/ROOM

$47,143 {currency}

CAP RATE

9.68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge Wytheville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.17 AC

LAND SF

268,765 SF

ZONING

B-2

APN/PARCEL ID

041A-001-0000-0130

ASK ABOUT THIS PROPERTY

Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

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

Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

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