1430 N Main St | Marion, VA 24354
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- LoopNet Team
1430 N Main St
Marion, VA 24354
Independent Hotel With Owner's Apartment · Hospitality Property For Sale
·
11,000 SF
INVESTMENT HIGHLIGHTS
- SBA / USDA Loan Eligible Property. Call Madhur Gupta at 919-428-9840 For Hotel Loans or Visit https://www.dialmforhotels.com/hotel-loans/
- $499,999 ONLY To Own 32-room Hotel w/ Owner’s Qtr at Estimate of $139,000 To Convert to HomeTowne Studios Extended Stay Hotel
- Smyth County is Within 45-min drive of the Tri-Cities MSA of Bristol, Kingsport and Johnson City
- Opportunity for Hotel Investors and Contractors to Acquire Hotel at Significantly Less Than Replacement Costs
- 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
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 11,000 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 1964 |
| Lot Size | 1.69 AC | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 11,000 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Corridor | Exterior |
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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