3020 Riverside Dr
Danville, VA 24541
Astoria Extended Stay Hotel /Former Innkeeper · Hospitality Property For Sale · 46,934 SF

PROPERTY DETAILS Guest Rooms: 117 Story: 2 Number of Buildings: 2 Corridor: Exterior Year Built: 1975, 1986 Year of Last Renovation: 2008 Finished Square Feet: +/- 46,934 Approx Acres: 2.82 Land Use: Commercial Building Features: Brick with Block Back-up, Curtain-Glazed Atrium Legal Description: 2.824 AC NOS 3C & 4B RIVERSIDE DR Zone: HRC Highway Retail Comm POINTS OF INTEREST • Riverside Drive Danville - 0.8 mile NE • Averett University - 0.9 mile SE • Virginia International Raceway - 12 miles east • Martinsville Speedway NASCAR - 24 miles west • Danville Mall - 18 min walk • Danville Museum of Fine Arts - 3 min drive • Ballou Park - 3 min drive • The Historic North Theatre - 4 min drive • Danville Science Center - 9 min drive CLOSEST STATIONS AND AIRPORTS Danville Station - 10 min drive, Roanoke, VA (ROA-Roanoke Regional) - 99 min drive ABOUT DANVILLE Danville is located in south-central Virginia along the North Carolina border, within a day's drive of two-thirds of the nation's population. An excellent highway system coupled with easy access to Interstates 40 and 85 make Danville extremely well-suited to reach mid-Atlantic markets and international shipping facilities. The Danville region has a very diverse industry base and primary sectors include advanced manufacturing, advanced materials, environmental and life sciences companies, and IT and professional services. The total population covered by Danville MPSA is 101,223. Danville MPSA has a labor force of 47,323 people. GROWTH AND EXPANSION Virginia legislators has approved bill legalizing casinos in 5 cities including Danville. Danville is uniquely sited geographically to reach a huge potential market that’s attractive to the casino gaming industry, namely, northern North Carolina and the booming Triad and Research Triangle regions. A full-fledged resort casino in Danville, Virginia to attract visitors could create up to 2,377 direct jobs with payroll totaling almost $76 million. It could provide a huge economic boost to the region and increase its visibility for other types of economic development. Dominion Energy, with headquarters in Richmond, VA, and operations in 18 states, plans to invest more than $300 million on two projects in Pittsylvania County. The project would result in close to 200 construction jobs and more than $200 million in investment and would contribute millions of tax dollars to both the City of Danville and Pittsylvania County during the asset’s life. CONFIDENTIAL OFFERING. Please do not call or visit the property without an appointment. Information in this listing has been secured from sources deemed reliable but is not guaranteed accurate or complete, and is subject to change without notice. Buyer(s) must independently verify this information. For access to more listed and non-listed hotels for sale, or to exclusively list or sell your hotels confidentially, call (919) 428-9840. For more details, visit https://www.dialmforhotels.com/property/formerly-innkeeper-astoria-hotel-danville-west-virginia-for-sale/