Super 8 Motel Charlottesville

Hospitality for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30781587
Property Subtypes: Hotel, Motel, Other
Number of Units: 65 Units
Building Size (RSF): 20,146 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 SF
Sale Price: $3,750,000
Unit Price: $57,692.31 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Super 8 Motel Charlottesville
Name of Establishment: Super 8 Motel
Franchised Business: Yes
Franchise Parent Name: Wyndham
Sale Terms: Cash to Seller, Other
Last Updated: 1/5/2022

Overview / Comments

This Listing is for the Charlottesville Super 8 Motel.
This is the first time this property has been on the market in nearly 20 years.
The same family has operated it since 2003.
The listing price includes the property and business.
At $186 per square foot for the land, building and business it is a Hotel property priced to move.
STAR reports provided with accepted LOI

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Taxing Authority: County of Albemarle
Tax ID/APN: 487182913590
Zoning: COMMERCIAL
Retail Clientele: General, Family, Traveler, Tourist, Convention, Other
Property Located Between: Off route 29 North at Lighted intersection of Greenbrier Drive
Property Visibility: Excellent
Largest Nearby Street: US Route 29
Feet of Frontage: 500
Highway Access: Off route 29 Short distance to Route 250 and Interstate 64
Airports: CHO
Site Description: Existing 65 room hotel in the busiest section of US Route 29 in Charlottesville
Area Description: Commercially dense are of US 29 North
Nearby Attractions: UVA, John Paul Jones Arena, All UVA sporting Venues, Historic Downtown Charlottesville and a short drive to all the Breweries and wineries surrounding Charlottesville
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1986
Year Renovated: 2003
Roof Type: Arched
Construction/Siding: Block, Brick/Vinyl Siding, Concrete, Other
Exterior Description: Large Parking area and covered check in area
Parking Type: Surface
Parking Description: Large Paved lot
Heat Type: Electricity, Suspended Radiant Heaters, Other
Heat Source: Baseboard, Wall Units
Air Conditioning: Window Unit, Other
Internet Access: Other
Interior Description: 65 rooms
Zoning Description: Commercial
Lot Frontage: 187
Lot Depth: 322
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: County easements in place
Legal Description: ACREAGE PARCEL B-2 SUPER 8 MOTEL Lot 005A0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,654 57,845 96,401
Median Age: 36.28 33.38 34.28
Households: 5,973 21,916 38,043

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