2139 Lee Hwy | Bristol, VA 24201
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2139 Lee Hwy
Bristol, VA 24201
I-81 Red Roof Inn Hotel, Bristol, Virginia · Hospitality Property For Sale
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60 Rooms
INVESTMENT HIGHLIGHTS
- 3-story, 60-key Red Roof Inn franchised hotel in Bristol, Virginia off Interstate 81 at a cap rate of 11.12%
- State legislation to allow casinos in Virginia, and Bristol is one of the five named cities.
- Bristol is served by Tri Cities Airport, which offers connections to eight major hubs and is the regions designated Foreign Trade Zone.
- Priced to sell at $2,250,000 or $37,500 per key - Great deal for an interior corridor hospitality asset in mint condition.
- Bristol Motor Speedway is the World’s Fastest Half-Mile and one of the five largest sports arenas in the county, seating 160,000 race fans.
- The area is supported by freight rail service through CSX Transportation and Norfolk Southern Railway Company.
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 60 |
| Property Subtype | No. Stories | 3 | |
| Building Class | C | Year Built | 1988 |
| Lot Size | 3.08 AC | Corridor | Interior |
| Building Size | 37,872 SF | ||
| Zoning | B-2 | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 37,872 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built | 1988 |
| Corridor | Interior |
| Zoning | B-2 |
AMENITIES
- Business Center
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 60 | $60.00 | - |
PROPERTY TAXES
| Parcel Number | 224-A-36 | Improvements Assessment | $680,700 |
| Land Assessment | $644,600 | Total Assessment | $1,325,300 |
PROPERTY TAXES
Parcel Number
224-A-36
Land Assessment
$644,600
Improvements Assessment
$680,700
Total Assessment
$1,325,300
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