Historic Inn located in Charlottesville
Hospitality
for Sale
| Catylist Listing ID: |
30639091 |
| Property Subtypes: |
Bed & Breakfast, Extended Stay, Inn
|
| Number of Units: |
19 Units |
| Building Size (RSF): |
12,238 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.46 Acres
|
| Sale Price: |
$3,900,000 |
| Unit Price: |
$205,263.16 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/26/2020 |
Overview / Comments
|
Please contact the agent for more information about this listing.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$30,292 (Annual) |
| Tax Value Land |
$1,628,600 |
| Tax Value Improvements |
$1,559,900 |
| Assessed Value - Total($) |
$3,188,500 (Annual) |
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Charlottesville City |
| Tax ID/APN: |
7469.000000000000000 |
| Retail Clientele: |
Traveler, Tourist, Recreation |
| Property Located Between: |
Water Street and Garrett Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Ridge & McIntire Road |
| Highway Access: |
Approximately 2 miles north of Interstate 64 and 1.5 miles south of US Route 250. |
| Airports: |
Charlottesville/Albemarle Airport(CHO): 10 miles. |
| Site Description: |
This property is located in the downtown urban area of Charlottesville. It is 2 blocks south of the Downtown pedestrian Mall. The property is located approximately 1 mile east from the University of Virginia Medical Center and approximately 1.5 miles east of the central Grounds of the University of Virginia. The property has been well cared for and has excellent urban and inviting landscaping. |
| Area Description: |
The surrounding area is an urban setting with a combination of historic structures, recently renovated and new construction buildings. |
| Nearby Attractions: |
Convenient location to the University of Virginia Central Grounds, UVA Medical Center, Downtown Pedestrian Mall and Thomas Jeffersons Monticello home. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
3 |
| Property Condition: |
Excellent |
| Year Built: |
1920 |
| Construction/Siding: |
Wood Siding |
| Parking Type: |
Surface |
| Parking Description: |
On-site parking for all customers. |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central, Radiant |
| Air Conditioning: |
Other |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Interior Description: |
Extensive moldings, high ceilings, heart pine floors along with 11 fireplaces. Each of the 19 bedrooms has ensuite baths. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Pipelines, Electric Lines, Utilities |
| Easements Description: |
The property has the normal utility easements from the various utility company providers. |
| Land Ownership: |
Owned |
| Legal Description: |
*Tax Map: 280099000
*Tax Map: 280100000 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
23,110 |
74,755 |
88,263 |
| Median Age: |
30.88 |
31.81 |
33.52 |
| Households: |
9,618 |
29,543 |
35,026 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
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