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Best Western Of Wise 124 Woodland Dr SW 60 Room Hotel Wise, VA 24293 For Sale
Investment Highlights
- Fee Simple Interest in the 60-Room, Three-Story, Interior-Corridor, Limited-Service Hotel
- Strategically Located Less Than Two Miles from the University of Virginia’s College at Wise
- Immediate Upside to Complete Renovations and Return Rooms to Inventory with PIP Materials Conveying at Sale
- Proximity to the $65 Million DP Facilities Mineral Gap Data Center and Proposed Two-Million-Square-Foot Wise Innovation Hub
Executive Summary
Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Best Western of Wise, located at 124 Woodland Dr SW Wise, Virginia 24293. The subject property is a 60-room, three-story, interior-corridor, limited-service hotel constructed in 1999 and situated on approximately 1.12 acres with direct visibility and access to U.S. Route 23 (approximately 23,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.
Property Facts
| Sale Type | Investment | No. Rooms | 60 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1999 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 1.33 AC | Corridor | Interior |
| Building Size | 40,026 SF | Opportunity Zone |
Yes
|
| Zoning | B-2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 40,026 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built | 1999 |
| Parking Ratio | 1.18/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B-2 |
Amenities
- Fitness Center
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $119.00 | - |
| Guest Room | 57 | $85.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R035309 | Improvements Assessment | $2,266,500 |
| Land Assessment | $342,100 | Total Assessment | $2,608,600 |
Property Taxes
Parcel Number
R035309
Land Assessment
$342,100
Improvements Assessment
$2,266,500
Total Assessment
$2,608,600
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