551 Hwy 58 E - Hospitality FOR SALE


Norton, VA 24273
$3,100,000 USD
929-293-2526
551 Hwy 58 E, Norton, VA for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

551 Hwy 58 E
Norton, VA 24273


HIGHLIGHTS

  • Fee Simple Interest in the 109Unit, Interior Corridor, Limited-Service Econo Lodge
  • Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
  • Located in the Scenic Appalachian Plateau right off exit of 58 and route 23 near the Virginia/ Kentucky Border | Closest Hotel to Devil’s Bathtub
  • recently went through major renovations including New roof, Ptacs, furniture, exterior paint and flooring
  • Upside potiental to open recently renovated Nightclub/Bar and restaurant

OVERVIEW

Prime investment opportunity on the intersection of highway 58 and route 23.Recently gone through major renovation in year 2023. New Roof,New Parking Lot, New vinyl plank Floor,New paint inside outside, New Ptac Ac's in rooms, pool, Restaurant and Nightclub. Average last 3 year revenue is $800,000

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

109

PRICE/ROOM

$28,440 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Norton

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

203

LAND DETAILS

LAND ACRES

4.75 AC

LAND SF

206,910 SF

ZONING

B-3

APN/PARCEL ID

232N-0519,468-A-2A

ASK ABOUT THIS PROPERTY

Umar GondalVictory BuildersMore Info
929-293-2526

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Umar GondalVictory BuildersMore Info
929-293-2526

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