5558 Lee Hwy | Atkins, VA 24311
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5558 Lee Hwy
Atkins, VA 24311
Comfort Inn Atkins-Marion I-81 · Hospitality Property For Sale
·
21,074 SF

INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 50-Unit, Interior Corridor, Limited-Service Comfort Inn
- Choice Hotels has Verbally Agreed to Allow a Prospective Purchaser to Continue Operating Under the Comfort Inn Franchise for a 10-Year Term*
- Nearby major markets including Greensboro and Charlotte, NC, Bristol/Kingsport, TN and Roanoke, VA
- Desirable, Upper-Midscale, Choice Hotels Brand Affiliation with Comfort Inn
- 1.83-Acre Site with access to Interstate 81 (28,723 VPD) and Lee Highway (2,435 VPD)
- Only Franchised Hotel in Atkins, Affording the Operator with the Opportunity to Maintain a High ADR due to Limited Competition
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 21,074 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 1995 |
| Lot Size | 1.83 AC | Corridor | Interior |
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.83 AC |
| Building Size | 21,074 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Business Center
- Fitness Center
PROPERTY TAXES
| Parcel Number | 48A1-3B-4 | Improvements Assessment | $1,803,800 |
| Land Assessment | $183,000 | Total Assessment | $1,986,800 |
PROPERTY TAXES
Parcel Number
48A1-3B-4
Land Assessment
$183,000
Improvements Assessment
$1,803,800
Total Assessment
$1,986,800
Listing ID: 31903575
Date on Market: 5/23/2024
Last Updated:
Address: 5558 Lee Hwy, Atkins, VA 24311
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VIDEOS
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