505 York Street
Williamsburg, VA 23185 ·
85 Rooms · Hotel & Motel For Sale
|Price||N/A||Average Daily Rate||$48|
|Building Size||35,763 SF||No. Stories||3|
|Property Type||Hotel & Motel||Year Built||1979|
|Property Sub-type||Economy/Limited Service||Corridor||Interior|
|Property Use Type||Investment||Lot Size||1.37 SF|
|Commission Split||3%||APN / Parcel ID||499-02-00-001, 2|
|Listing ID: 16311475||Date Created: 07/09/2009||Last Updated: 09/20/2010|
The Howard Johnson is a good opportunity in a down market. Small enough to possible utilize SBA financing. Located within walking distance to Historic Colonial Williamsburg. Easy Access to and from I-64. The property is scheduled to covert to a Quality Inn later this year. The fees have already been paid.
Location, location, location! This hotel is located across from one of the main entrances to Colonial Williamsburg. 12 Military Installations, Busch Gardens, Anheuser Busch / In-Bev Brewery, Water Country USA, Kings Creek Timeshare, Parkside Timeshare, the proposed Quarterpath at Williamsburg a large Hospital (planned to open 2012) anchored mixed use development is approximately 1.5 miles from this property and several other existing and planned developments are in the immediate area. Philip Morris invested approximately $100 million in a plant 2 miles away etc.
- Excellent Hotel Investment Opportunity
- On the doorstep of Colonial Williamsburg
- New Regional Hospital within 2 miles
- Flexible Franchise Opportunity
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