1900 E Main St | Wytheville, VA 24382
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- LoopNet Team
1900 E Main St
Wytheville, VA 24382
Virginia Red Roof Hotel w/ Living Quarters · Hospitality Property For Sale
·
41,510 SF
INVESTMENT HIGHLIGHTS
- SBA and USDA Loans Available. Please Call Madhur Gupta at 919-428-9840. Visit https://www.dialmforhotels.com/hotel-loans/
- Priced to Sell at Less Than 3.5x Revenue and Less Than $31,250 Per Key, Much Lesser Than Replacement Costs with a Pro-Forma Cap Rate of Over 12.5%
- Dual Branding Red Roof Inn and HomeTowne Studios Extended Stay Conversion, or Multifamily Housing May Be Possible. Buyers to Verify Independently.
- Approximate Miles: Bristol VA-69; Roanoke VA-69; Greensboro NC-94; Charlotte NC-120; Charleston WV-132; Raleigh NC-157; Knoxville TN-182
- 96-Room RRI Hotel + 5 Owner's Quarters + Office Space. Room Count May Be Increased to 114 Rooms By Converting 18 Suites to 36 Standard Rooms.
- MAJOR EMPLOYERS: Gatorade, PepsiCo, Klockner Pentaplast, Somic America, Amcor Rigid Plastics, Hutchinson, Coperion, AQ Transformer Solutions, etc.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2025 |
| Building Class | C | Parking Ratio | 3.01/1,000 SF |
| Lot Size | 8.63 AC | Corridor | Exterior |
| Building Size | 41,510 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.63 AC |
| Building Size | 41,510 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2025 |
| Parking Ratio | 3.01/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 041A-001-0000-0127 | Improvements Assessment | $2,688,500 |
| Land Assessment | $457,800 | Total Assessment | $3,146,300 |
PROPERTY TAXES
Parcel Number
041A-001-0000-0127
Land Assessment
$457,800
Improvements Assessment
$2,688,500
Total Assessment
$3,146,300
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