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: 9/8/2020

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

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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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