18021 Virgil H Goode Hwy - Hospitality FOR SALE


Rocky Mount, VA 24151
$1,100,000 USD
540-204-4935
18021 Virgil H Goode Hwy, Rocky Mount, VA for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/13
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18021 Virgil H Goode Hwy
Rocky Mount, VA 24151


OVERVIEW

18021 Virgil Goode Hwy - Now being completely remodeled 16 unit motel. Everything redone to bare walls. Completely new inside each room. New HVAC units, vinyl plank flooring, new bathrooms. 7,513 sq ft. Building has new roof and guttering. Ready for years of care free service ahead. 18027 Virgil Goode Hwy - There’s also a popular diner on the property which brings in $1,250/month. Lease has yearly options thru the end of 2026. 2025 and 2026 rent rate is $1,500/month. Generate Description

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$146 USD /SF

# OF ROOMS

16

PRICE/ROOM

$68,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redwood Motel and Mary's Diner

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,566 SF

ZONING

B-2

APN/PARCEL ID

0440013601

ASK ABOUT THIS PROPERTY

Trent WeaverPoe & Cronk Real Estate GroupMore Info
540-204-4935

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Trent WeaverPoe & Cronk Real Estate GroupMore Info
540-204-4935

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