203 Interstate Dr - Hospitality FOR SALE


Covington, VA 24426
$3,900,000 USD
800-551-3588
203 Interstate Dr, Covington, VA for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

203 Interstate Dr
Covington, VA 24426


HIGHLIGHTS

  • Recently Renovated
  • Close to Hospital
  • Room to Expand

OVERVIEW

Live & Online Auction held at the property Thursday, May 29 at Noon. Property will be sold at auction, agents will be onsite for property previews on 5/14 & 5/21 from 1PM-4PM. List price required by MLS, but not reflective of the reserve price & is only the recommended starting bid & non-reflective of value. Located just off Interstate 64 in Covington, VA this is a rare offering of an over 64,000 square-foot Memory Care/Assisted Living Facility that has been recently renovated. The property features over 8 acres of land offering room for future expansion (Recently Surveyed), 76 total rooms (35 designated for memory care, 41 for assisted living), a fully equipped commercial kitchen, a fitness center, an entertainment room, & multiple offices. There is a strong need for facilities such as this one, don't miss the opportunity to make this investment!

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$73 USD /SF

# OF ROOMS

85

PRICE/ROOM

$45,882 {currency}

CAP RATE

Request Cap Rate

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Memory Care & Assisted Living

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1984

PARKING SPACES

146

LAND DETAILS

LAND ACRES

8.65 AC

LAND SF

376,794 SF

ZONING

B1

APN/PARCEL ID

05700-00-000-0650,05700-00-000-065C

ASK ABOUT THIS PROPERTY

James WoltzWoltz & Associates Inc.More Info
800-551-3588

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James WoltzWoltz & Associates Inc.More Info
800-551-3588

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