1557 Main St | Altavista, VA 24517
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1557 Main St
Altavista, VA 24517
Days Inn Altavista · Hospitality Property For Sale
·
23,413 SF
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 65-Room, Limited-Service Hotel off US Route 29 (13,741 VPD) and Main St (7,830 VPD) in the Lynchburg MSA
- Potential Conversion Opportunity to Country Inn & Suites by Radisson or Clarion Pointe by Choice
- ?Lynchburg/Altavista Market Already Rebounded from the COVID-19 Pandemic & Out-Performing their Pre-COVID RevPAR
- Two-Story, Interior Corridor, Well-Kept Physical Plant | Former Holiday Inn Express (2002 YOC)
- Underperforming Property with Rank 6 out of 9 for RevPAR in the STR Report | Significant Revenue Upside with Hands-On Management
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 23,413 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built | 2001 |
| Lot Size | 2.90 AC | Corridor | Interior |
| Zoning | C-1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 23,413 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Corridor | Interior |
| Zoning | C-1 |
AMENITIES
- Fitness Center
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 0690-0A000-078-0 | Improvements Assessment | $2,437,900 |
| Land Assessment | $382,800 | Total Assessment | $2,820,700 |
PROPERTY TAXES
Parcel Number
0690-0A000-078-0
Land Assessment
$382,800
Improvements Assessment
$2,437,900
Total Assessment
$2,820,700
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