1424 N Main St | Marion, VA 24354
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1424 N Main St
Marion, VA 24354
Red Roof Inn Marion, VA · Hospitality Property For Sale · 37,760 SF
Investment Highlights
- Value Add Potential Hotel w/ Pool, 870 SF Hall, 5,100 Sq Ft Restaurant/Space w/ Option to Add Bar, or Fast Food for Extra Income.
- Smyth County is Within 45-min Drive of Tri-Cities MSA of Bristol, Kingsport and Johnson City With 2022 Population of Over 500,000.
- Excellent Location In a Bustling Retail Corridor Between Route 11 and Interstate 81, the Main Thoroughfare for Southwestern Virginia.
- Local Lodging Market Poised to Grow in Value due to Unmet Housing Needs From Section 8 Housing to $750K+ Homes, Supply Constraints, College Expansion.
- +/-Miles: Bristol VA-45; Roanoke VA-100; Greensboro NC 140; Charleston, WV-150; Knoxville, TN-155; Charlotte NC-160; Durham NC-190; Raleigh NC-215.
- SBA / USDA Loan Eligible Property. Call Madhur Gupta at 919-428-9840 For Hotel Loans. Gujarati / Hindi Translation Available.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2023 |
| Building Class | C | Corridor | Exterior |
| Building Size | 37,760 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Building Size | 37,760 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 154-24-1A | Improvements Assessment | $1,373,300 |
| Land Assessment | $220,800 | Total Assessment | $1,594,100 |
PROPERTY TAXES
Parcel Number
154-24-1A
Land Assessment
$220,800
Improvements Assessment
$1,373,300
Total Assessment
$1,594,100
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