1560 Country Club Rd
Harrisonburg, VA 22802
Candlewood Suites · Hospitality Property For Sale · 38,304 SF

Marcus & Millichap is pleased to present the exclusive offering for Candlewood Suites located at 1560 Country Club Rd, Harrisonburg, VA. The three-story, 83-unit extended-stay hotel presents a new owner the opportunity to acquire a stabilized asset within a high-barrier-to-entry University market of Harrisonburg, VA. Conveniently located off I-81 and close to downtown Harrisonburg and James Madison University, this property is just one mile from downtown and less than 2.5 miles from JMU. The Candlewood Suites Harrisonburg is ideal for hotel guests due to its central location and short distance to major businesses like Cargill, Coors, Merck, Sysco and Tyson. Location: Harrisonburg is nestled in the heart of the serene and breathtaking Shenandoah Valley. Harrisonburg offers visitors a rich historical and cultural experience, a plethora of ethnic dining options, and an abundance of outdoor activities. Its here you can relax with your activity of choice, whether it be sipping on locally-made beer and wine, digging into farm-fresh dishes, scooping up tickets to see the areas performing artists, or renting a bike to tour the city's picturesque landscape and acclaimed trails. Harrisonburg is also known for its vibrant downtown; the first designated Arts & Cultural District and the first Culinary District in Virginia. This 10-block walk is rich in Civil War History, iconic 19th century architecture, bike-friendly streets, family-friendly museums, innovative foodie spots, and trendy locally-owned shops. It also lures visitors and residents alike with buzz-worthy festivals and events, including a summer film and music series, weekly live music performances, biannual Taste of Downtown week, and numerous beer, wine and music festivals. The City is home to James Madison University (JMU) and is a region known for the Blue Ridge Mountains, Shenandoah National Park, the Shenandoah River, rolling farmland and breathtaking views. Only two hours from Washington, D.C., JMU's 675-acre campus is situated in a safe, friendly community with a diverse population of approximately 42,000. Getting here is a cinch, with several major airports within a short driving distance and plenty of transportation options to get you to and from the University. Recent Expansion: Governor Ralph Northam announced on May 6, 2019, that global health care leader Merck & Co. plans to invest $1 billion in stages over the next three years to expand its manufacturing operations. Merck has close to 69,000 employees and delivers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The manufacturing plant in Rockingham County has been operating for more than 75 years and has roughly 900 workers on-site. The expansion will add 120,000 square feet to its existing 1.1 million-square-foot facility to increase production of Gardasil, a human papillomavirus, or HPV, vaccine. Blue Ridge Community College and James Madison University will work with Merck to address short- and long-term workforce needs through the development of a custom solution. BRCC and JMU will establish a pipeline of biotechnology engineering and computer science talent that will allow the Valley to accommodate the future growth of Merck and other life science industries and manufacturers in the region, according to a press release. Source: http://www.dnronline.com/news/rockingham_county/merck-plans-billion-expansion/article_ba3e1d69-2be3-5825-9dd3-b5a63eaa7b33.html