890 Willis Ln | Culpeper, VA 22701
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- LoopNet Team
890 Willis Ln
Culpeper, VA 22701
Quality Inn Culpeper · Hospitality Property For Sale
·
21,968 SF
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 49-Unit, Two-Story, Limited-Service Quality Inn in Culpeper, Virginia
- Completely Renovated in 2018-2022 with Minimal Expected Change-in-Ownership PIP
- Absentee Owner | Significant Upside to Purchaser by Leveraging Recent Renovations
- Expansive 2.76-Acre Site Which Provides Future Development Potential on Excess Land
- 2022 T12 RevPAR Penetration of 85% Versus the Competitive Set
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1986/2000 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.76 AC | Parking Ratio | 4.46/1,000 SF |
| Building Size | 21,968 SF | Corridor | Exterior |
| Zoning | C3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.76 AC |
| Building Size | 21,968 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2000 |
| Tenancy | Single |
| Parking Ratio | 4.46/1,000 SF |
| Corridor | Exterior |
| Zoning | C3 |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 50-13-E7 | Improvements Assessment | $1,736,800 |
| Land Assessment | $759,000 | Total Assessment | $2,495,800 |
PROPERTY TAXES
Parcel Number
50-13-E7
Land Assessment
$759,000
Improvements Assessment
$1,736,800
Total Assessment
$2,495,800
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