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Cerca Del Mar Motel 410 21st St 59 Room Hotel Virginia Beach, VA 23451 $5,800,000 ($98,305/Room)
Executive Summary
GREAT INVESTMENT OPPORTUNITY FOR OPERATIVE HOTEL. CLOSE TO THE DOME, ATLANTIC PARK AND THE BEACH. CONVENIENTLY LOCATED TO THE INTERSTATE! SOLD TOGETHER WITH THE PARKING LOT AT 405 20TH STREET, VIRGINIA BEACH 23451. CALL LISTING AGENT FOR DETAILS AND QUESTIONS!
Property Facts
| Price | $5,800,000 | Building Size | 37,035 SF |
| Price Per Room | $98,305 | No. Rooms | 59 |
| Sale Type | Investment | No. Stories | 5 |
| Sale Condition | Deferred Maintenance | Year Built | 1974 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.41/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.48 AC | ||
| Zoning | OR | ||
| Price | $5,800,000 |
| Price Per Room | $98,305 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 37,035 SF |
| No. Rooms | 59 |
| No. Stories | 5 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 0.41/1,000 SF |
| Corridor | Exterior |
| Zoning | OR |
Amenities
- Pool
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 59 | $90.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2427-08-4146 | Improvements Assessment | $1,523,600 |
| Land Assessment | $956,800 | Total Assessment | $2,480,400 |
Property Taxes
Parcel Number
2427-08-4146
Land Assessment
$956,800
Improvements Assessment
$1,523,600
Total Assessment
$2,480,400
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Cerca Del Mar Motel | 410 21st St
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