The Washington Inn 509 W Main St 12 Room Hotel Fries, VA 24330 $975,000 ($81,250/Room)
INVESTMENT HIGHLIGHTS
- There is a large dining room and reception area with room for a commercial kitchen.
EXECUTIVE SUMMARY
Built in 1902 during the construction of the town surrounding the Washington Mill, the historic Washington Inn is the architectural center of Fries, Va. The Inn has an old fashion front porch and a platform off the back providing gorgeous vies of the New River. There are 13 guest rooms with bathrooms, There is a new roof, all electrical, plumbing and HVAC systems with ample parking out front. This space has incredible potential as a wedding and event space or boutique hotel, and has a projected yearly income of $125,000.
PROPERTY FACTS
| Price | $975,000 |
| Price Per Room | $81,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 9,168 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built/Renovated | 1902/2023 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Zoning | TOWN - Town Center |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $279.00 | - |
| Guest Room | 11 | $142.00 | - |
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CONTACT
-
Brian Edenfield -
Settlers Landing Commercial, LLC.
