5399 W Main St - Hospitality FOR SALE


Salem, VA 24153
$1,200,000 USD
540-353-0100
5399 W Main St, Salem, VA for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

5399 W Main St
Salem, VA 24153


OVERVIEW

This is the Blue Jay motel just off of Exit 132 on Interstate 81 in Roanoke County. The motel offers 14 keys with 4,856 square feet. The adjoining owner’s home is an additional 3,441 square feet. Included in this sale is an adjoining undeveloped 2.23 acre parcel. The total acreage for the entire site is 3.96 +/- acres with 1,045’ +/- of frontage on W Main Street. This property adjoins Interstate 81. The Convenience store is not included in this sale. The motel is served by public water and private septic. The septic system is located on the adjoining 2.23 acre parcel. Public sewer is currently at the corner of W Main Street and Pleasant Run Drive. The entrance and septic system will be shared with the adjoining convenience store through an easement and maintenance agreement. Prime development opportunity with additional land included.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$111 USD /SF

# OF ROOMS

14

PRICE/ROOM

$85,714 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Interstate I-81 or Redevelopment 3.96 AC

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

37

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,498 SF

ZONING

C2S & C2

APN/PARCEL ID

Part of 064.01-03-13 & 64.01-03-14

ASK ABOUT THIS PROPERTY

Henry ScholzMKB RealtorsMore Info
540-353-0100

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Henry ScholzMKB RealtorsMore Info
540-353-0100

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