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Econo Lodge Inn & Suites Norton 551 Hwy 58 E 109 Room Hotel Norton, VA 24273 $3,100,000 ($28,440/Room)
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 109Unit, Interior Corridor, Limited-Service Econo Lodge
- Located in the Scenic Appalachian Plateau right off exit of 58 and route 23 near the Virginia/ Kentucky Border | Closest Hotel to Devil’s Bathtub
- Upside potiental to open recently renovated Nightclub/Bar and restaurant
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
- recently went through major renovations including New roof, Ptacs, furniture, exterior paint and flooring
EXECUTIVE SUMMARY
Prime investment opportunity on the intersection of highway 58 and route 23.Recently gone through major renovation in year 2023. New Roof,New Parking Lot, New vinyl plank Floor,New paint inside outside, New Ptac Ac's in rooms, pool, Restaurant and Nightclub. Average last 3 year revenue is $800,000
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
- Public Access Wifi
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 10 | $130.00 | - |
| Guest Room | 99 | $85.00 | - |
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PROPERTY TAXES
| Parcel Number | 232N-0519 | Improvements Assessment | $972,500 |
| Land Assessment | $487,500 | Total Assessment | $1,460,000 |
PROPERTY TAXES
Parcel Number
232N-0519
Land Assessment
$487,500
Improvements Assessment
$972,500
Total Assessment
$1,460,000
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Victory Builders
Econo Lodge Inn & Suites Norton | 551 Hwy 58 E
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