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Motel 6 Chilhowie, VA - I-81 108 River Rd 42 Room Hotel Chilhowie, VA 24319 For Sale
INVESTMENT HIGHLIGHTS
- Owners / managers living quarters that consists of (1) bedrooms, living area, (1) full bathroom, and a fully equipped kitchen.
- Excellent investment opportunity for a first-time buyer.
- Leased restaurant space generating monthly rental income (a fully copy of the lease is available upon request).
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 42 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2019 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.00 AC | Opportunity Zone |
Yes
|
| Building Size | 16,690 SF | ||
| Zoning | Commercial | ||
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 16,690 SF |
| No. Rooms | 42 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2019 |
| Tenancy | Single |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
ABOUT 108 RIVER RD , CHILHOWIE, VA 24319
The Property is an exterior corridor limited-service Motel 6. The facility is a two-story structure consisting of 42 exterior corridor guestrooms, a spacious lobby, as well as a “leased” restaurant space. The property underwent a complete renovation and rebranding in 2019 and offers a new owner the opportunity to acquire a turnkey property with an anticipated limited PIP upon a change of ownership. The property also features a spacious managers/owner’s living quarters that consists of one bedroom, living area, one full bathroom, and a fully equipped kitchen.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 42 | $72.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 53D2-A-119 | Improvements Assessment | $1,083,700 |
| Land Assessment | $175,100 | Total Assessment | $1,258,800 |
PROPERTY TAXES
Parcel Number
53D2-A-119
Land Assessment
$175,100
Improvements Assessment
$1,083,700
Total Assessment
$1,258,800
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Motel 6 Chilhowie, VA - I-81 | 108 River Rd
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