Hotel & Motel Property For Sale - The Hermitage Inn and Motor Lodge

203 Virginia Avenue, Petersburg, WV, 26847

 
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Hotel & Motel For Sale
Petersburg, WV
West Virginia

The Hermitage Inn and Motor Lodge

 

203 Virginia Avenue

Petersburg, West Virginia 26847
County: Grant
 
   Photos
Image 1 of 1
 
 
  For Sale Active  
Property Use Type:Business For Sale
Type:Hotel & Motel
Full Service
No. Rooms:38
Building Size:24,600 SF
Lot Size:2.00 Acres
Price:$1,999,000
Price/Room:$52,605
Year Built:1840
Date Last Verified:12/16/2008
Property ID:15048173
 
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 Additional Information 

Property Description:
1840 Hermitage Inn and Motor Lodge. Lodge errected in 1965, additions/renovations 1984,1990 and 1996. 38 total units. Additional 3br/2ba apt on 3rd level of Inn. 1st floor of Inn houses motel lobby, full service restaurant, lounge and banquet room along w/ gift shop. Parking for 50+ onsite, Inground pool. Restaurant seats 190 incl banquest area. Inn on Historic Register.

Location Description:
From Winchester VA, Route 50W to Route 259 to Wardensville, Follow Route 259/50W to Moorefield, From Moorefield Route 220S to Petersburg. Route 220S becomes Virginia Avenue inside town limits. Property is on the left.

Property Types:Full Service
Restaurant		No. Stories:3
This business for sale includes the real estate it occupies
 Highlights 
•Great Visablity•38 Units and an apartment
 
•Very established Full Service Restaurant/Banquet Room•On National Resgister of Historical Places
 
•Inground Pool•PROVEN ESTABLISHMENT
  Financial Summary   
No Cash Flow Information Provided
 
  Room Mix Information
2 Queen Beds 14'9 x 13 Motor Lodge
No. Rooms: 11
Avg. Rate: $61
 
1 Queen Bed 14'8 x 11'16 Motor Lodge
No. Rooms: 16
Avg. Rate: $61
 
2 Queen Beds 14'6 x18 Motor Lodge
No. Rooms: 1
Avg. Rate: $61
 
2 Queen Beds & sofa 22 x 16 Motor Lodge
No. Rooms: 1
Avg. Rate: $61
 
Old Inn with Addition
No. Rooms: 9
Avg. Rate: $61
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
3/16/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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