420 N Monroe Ave - Hospitality FOR SALE


Covington, VA 24426
$985,000 USD
540-962-3966

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$985,000 USD
Hospitality - FOR SALE
null | Request Cap Rate

420 N Monroe Ave
Covington, VA 24426


HIGHLIGHTS

  • Variety of clientele serving sectors from Tourism, Industrial, Railway, Healthcare and Vacationers.
  • Lots of Natural lights in Open and Mountain Environment. Sitting main river bank as well as on a major state highway in an urban location.
  • Solid Block Frame and Brick construction.

OVERVIEW

420 N Monroe Ave presents a prime investment opportunity for an owner-operator seeking a small hotel with strong upside potential. The property offers flexibility to diversify beyond a traditional motel model, including conversion to extended-stay lodging, small apartment units, or other alternative uses. Its natural light, open setting, and mountain surroundings enhance guest appeal while supporting multiple repositioning strategies.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$147 USD /SF

# OF ROOMS

25

PRICE/ROOM

$39,400 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C3

APN/PARCEL ID

010-02-0000-00137

ASK ABOUT THIS PROPERTY

Pratap OdedaraAngel Management LlcMore Info
540-962-3966

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Pratap OdedaraAngel Management LlcMore Info
540-962-3966

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