List Search

108 River Rd
Chilhowie, VA 24319

Price Upon Request

Hotel For Sale  •  16,690 SF

Property Details

  • Property Type Hotel
  • Total Building Size 16,690 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 1972
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
34 Walk Score

Description

The Property is an exterior corridor limited-service Motel 6. The facility is a two-story structure consisting of 42 exterior corridor guestrooms, a spacious lobby, as well as a “leased” restaurant space. The property underwent a complete renovation and rebranding in 2019 and offers a new owner the opportunity to acquire a turnkey property with an anticipated limited PIP upon a change of ownership. The property also features a spacious managers/owner’s living quarters that consists of one bedroom, living area, one full bathroom, and a fully equipped kitchen.

Highlights

Owners / managers living quarters that consists of (1) bedrooms, living area, (1) full bathroom, and a fully equipped kitchen.
Leased restaurant space generating monthly rental income (a fully copy of the lease is available upon request).
Excellent investment opportunity for a first-time buyer.

Amenities

  • Wheelchair Accessible
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Stephen Albis 804-615-6694 CAS Associates
Stephen Albis 804-615-6694 CAS Associates