1424 N Main St | Marion, VA 24354
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- LoopNet Team
1424 N Main St
Marion, VA 24354
Virginia Hotel for Sale Near Tri-Cities MSA · Hospitality Property For Sale
·
24,000 SF
INVESTMENT HIGHLIGHTS
- SBA / USDA Loan Available. Call Madhur Gupta at 919-428-9840 For Hotel Loans Or Visit https://www.dialmforhotels.com/hotel-loans/
- 5,100-Square-Feet Restaurant (Currently Closed) and 870-Square-Feet Meeting Room With Annual Rental Income Potential of $36,000 to $60,000
- Smyth County is Within 45-min drive of the Tri-Cities MSA of Bristol, Kingsport and Johnson City with 2022 Population of over 500,000
- 48-Rooms Virginia Red Roof Inn Hotel with Pool and Restaurant (To Be Opened) At Significantly Lower Than Replacement Costs
- Partial Grant Money Approval From Local Government To Re-Open Restaurant and Alter Layout to Add Mini-Casino, Fast Food, etc.
- 45 miles Bristol, VA; 65 miles Kingsport, TN; 100 miles Roanoke, VA; 140 miles Greensboro, NC; 150 miles Charleston, WV; 160 miles to Charlotte, NC
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2023 |
| Building Class | C | Parking Ratio | 2.29/1,000 SF |
| Lot Size | 2.15 AC | Corridor | Exterior |
| Building Size | 24,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 24,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 2.29/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Center
- High Speed Internet Access
- Patio
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 154-24-1A | Improvements Assessment | $1,373,300 |
| Land Assessment | $220,800 | Total Assessment | $1,594,100 |
PROPERTY TAXES
Parcel Number
154-24-1A
Land Assessment
$220,800
Improvements Assessment
$1,373,300
Total Assessment
$1,594,100
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