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Budget Inn Of America 834 3rd St 51 Room Hotel New Martinsville, WV 26155 $670,000 ($13,137/Room)
Investment Highlights
- Heavy daytime traffic.
- Industrial area with new industries moving in.
Executive Summary
Rare investment opportunity. A landmark 1965 brick hotel with substantial square footage, 52 guest rooms, 2 apartments, abundant natural light, and a commanding presence in a small town. Basement is partially finish and previously held a bar and a gym. Closed in 2020. The building is structurally sound and ready for a visionary owner willing to invest in modernization. Could be made into a boutique hotel, extended-stay lodging, assisted living, workforce housing, or multi-unit residential (subject to zoning). Price to reflect current condition and significant upside potential.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 51 | $68.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 09-16-00490000 | Improvements Assessment | $42,540 |
| Land Assessment | $84,360 | Total Assessment | $126,900 |
Property Taxes
Parcel Number
09-16-00490000
Land Assessment
$84,360
Improvements Assessment
$42,540
Total Assessment
$126,900
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Presented by
THA Realty
Budget Inn Of America | 834 3rd St
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