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Travelodge Wytheville 140 Lithia Rd 70 Room Hotel Wytheville, VA 24382 $3,500,000 ($50,000/Room) 8.78% Cap Rate
Investment Highlights
- The property is a 70-room Travelodge by Wyndham located at the crossroads of Interstates 77 and 81 in Wytheville, Virginia.
- The offering indicates no estimated PIP, allowing a buyer to avoid near-term capital expenditures.
- The asset features exterior corridor access, two stories, and was built in 1999 with renovations completed in 2006.
- Free breakfast, free Wi-Fi, pet friendly, free parking, laundry, 24-hour front desk
Executive Summary
Travelodge Wytheville is a 70-room Travelodge by Wyndham located at 140 Lithia Road, Wytheville, Virginia, positioned directly off the I-77 and I-81 interchange, a critical regional travel corridor in Southwest Virginia. The property benefits from consistent highway traffic and serves both leisure and transient demand tied to outdoor recreation, regional attractions, and pass-through travelers.
The hotel sits on approximately 6.17 acres and contains 37,184 square feet across two floors, featuring exterior corridor access. Originally built in 1999 and renovated in 2006, the asset is offered with no estimated PIP requirement, providing investors with near-term operational stability.
Amenities include complimentary breakfast, free Wi-Fi, pet-friendly accommodations, free parking, on-site laundry, and 24-hour front desk service. The hotel is surrounded by a competitive lodging cluster and proximate to regional attractions such as Big Walker Lookout, Wohlfahrt Haus Dinner Theatre, and Historic Downtown Wytheville, reinforcing its role as a convenient and affordable lodging option in the market.
The hotel sits on approximately 6.17 acres and contains 37,184 square feet across two floors, featuring exterior corridor access. Originally built in 1999 and renovated in 2006, the asset is offered with no estimated PIP requirement, providing investors with near-term operational stability.
Amenities include complimentary breakfast, free Wi-Fi, pet-friendly accommodations, free parking, on-site laundry, and 24-hour front desk service. The hotel is surrounded by a competitive lodging cluster and proximate to regional attractions such as Big Walker Lookout, Wohlfahrt Haus Dinner Theatre, and Historic Downtown Wytheville, reinforcing its role as a convenient and affordable lodging option in the market.
Property Facts
| Price | $3,500,000 | Lot Size | 6.17 AC |
| Price Per Room | $50,000 | Building Size | 8,256 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 8.78% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1962 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | ||
| Zoning | B-2 - Business | ||
| Price | $3,500,000 |
| Price Per Room | $50,000 |
| Sale Type | Investment |
| Cap Rate | 8.78% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.17 AC |
| Building Size | 8,256 SF |
| No. Rooms | 70 |
| No. Stories | 2 |
| Year Built | 1962 |
| Corridor | Interior |
| Zoning | B-2 - Business |
Amenities
- Business Center
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $154.00 | - |
| Guest Room | 64 | $64.00 | - |
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Property Taxes
| Parcel Number | 041A-001-0000-0130 | Improvements Assessment | $736,500 |
| Land Assessment | $444,200 | Total Assessment | $1,180,700 |
Property Taxes
Parcel Number
041A-001-0000-0130
Land Assessment
$444,200
Improvements Assessment
$736,500
Total Assessment
$1,180,700
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Travelodge Wytheville | 140 Lithia Rd
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