757-589-6954
2836 N Lee Hwy, Lexington, VA for Sale
Hospitality - FOR SALE
1/14
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2836 N Lee Hwy
Lexington, VA 24450


HIGHLIGHTS

  • Fee Simple Interest in the Five-Story, Interior Corridor, Select-Service Hotel
  • Expansive 10.72-Acre Site with Visibility on Interstate-81 (47,640 VPD)
  • Full Guestroom Furniture Refresh Underway (All 100 Rooms Purchased), Significant Near-Term Value-Add for Remaining Guestroom Installs
  • Recent Facility Enhancements Include 2026 Pool Repainting & 2022 Elevator Installations
  • Interior Corridor Structure Supports a Potential Future UpFlagging Conversion Opportunity at Exit Window
  • Vacant Restaurant Space On-Site with Potential to Lease-Up to Increase NOI

OVERVIEW

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Howard Johnson Lexington, located at 2836 N Lee Highway, Lexington, VA 24450. The subject property is a 100-room, five-story, exterior-corridor, limited service hotel constructed in 1975 and situated on approximately 10.72 acres with direct visibility and access to Interstate-81 (approximately 47,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

FOR SALE DETAILS

PRICE

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# OF ROOMS

100

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howard Johnson by Wyndham Lexington

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

155

LAND DETAILS

LAND ACRES

10.72 AC

LAND SF

466,963 SF

ZONING

B1

APN/PARCEL ID

50B-1-A3

ASK ABOUT THIS PROPERTY

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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