834 3rd St - Hospitality FOR SALE


New Martinsville, WV 26155
$670,000 USD
817-219-9875
834 3rd St, New Martinsville, WV for Sale
$670,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

834 3rd St
New Martinsville, WV 26155


HIGHLIGHTS

  • Heavy daytime traffic.
  • Industrial area with new industries moving in.

OVERVIEW

Rare investment opportunity. A landmark 1965 brick hotel with substantial square footage, 52 guest rooms, 2 apartments, abundant natural light, and a commanding presence in a small town. Basement is partially finish and previously held a bar and a gym. Closed in 2020. The building is structurally sound and ready for a visionary owner willing to invest in modernization. Could be made into a boutique hotel, extended-stay lodging, assisted living, workforce housing, or multi-unit residential (subject to zoning). Price to reflect current condition and significant upside potential.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$24 USD /SF

# OF ROOMS

51

PRICE/ROOM

$13,137 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn Of America

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C-1

APN/PARCEL ID

52-09-0016-0049-0000

ASK ABOUT THIS PROPERTY

James CrowTHA RealtyMore Info
817-219-9875

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

James CrowTHA RealtyMore Info
817-219-9875

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