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65 Econo Ln
Lexington, VA 24450
Motel 6 Lexington · Hospitality Property For Sale
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29,626 SF
PROPERTY FACTS
ABOUT 65 ECONO LN , LEXINGTON, VA 24450
This 48-unit Newly Renovated Motel 6 is located in Lexington, VA situated on a 3.5 acre lot (comes with additional 6 acres in price). Property is a 2-story, exterior-corridor motel built in 1975. Located on the Intersection of I-64 / Rt. 11 and very close to I-81. Lexington, VA is home of Virginia Horse Center, Washington & Lee Univ., Virginia Military Institute, Southern Virginia Univ., Stonewall Jackson Memorial, Robert E. Lee Memorial, Devil's Backbone Brewery and minutes from Natural Bridge Caverns & Museum. Property has shown significant increase in revenue since its brand affiliation with Motel 6. June 2018 T-12 STR report shows 100+ index in Occupancy and Revpar with an 90-ADR Index. ***Motel also comes with a Modern 2400 sq.ft. of living space. Including 4 Bedrooms. 3 Full-Bathrooms, Full Kitchen with Center Island and Large Living Room! This property is perfect opportunity for first time owner-operator or hands off investor. Living accommodation can be used as secondary source of revenue as rental condo to near by professionals, college professors or law students! Roanoke, VA - 45 Min Charlottesville, VA - 1 Hour Richmond, VA - 2 Hours Fairfax, VA - 2.5 Hours Washington, D.C. - 3 Hours Please contact (Ambrish or Anil Patel - Owner) to schedule viewings and property information.
PROPERTY TAXES
| Parcel Number | 61A2-A-4 | Improvements Assessment | $1,065,200 |
| Land Assessment | $849,100 | Total Assessment | $1,914,300 |
PROPERTY TAXES
