Redwood Motel and Mary's Diner | 18021 Virgil H Goode Hwy
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Redwood Motel and Mary's Diner 18021 Virgil H Goode Hwy
16 Room Hotel Rocky Mount, VA 24151 $1,300,000 ($81,250/Room)
Executive Summary
18021 Virgil Goode Hwy - Now being completely remodeled 16 unit motel. Everything redone to bare walls. Completely new inside each room. New HVAC units, vinyl plank flooring, new bathrooms. 7,513 sq ft. Building has new roof and guttering. Ready for years of care free service ahead.
18027 Virgil Goode Hwy - There’s also a popular diner on the property which brings in $1,250/month. Lease has yearly options thru the end of 2026. 2025 and 2026 rent rate is $1,500/month.
Generate Description
18027 Virgil Goode Hwy - There’s also a popular diner on the property which brings in $1,250/month. Lease has yearly options thru the end of 2026. 2025 and 2026 rent rate is $1,500/month.
Generate Description
Property Facts
| Price | $1,300,000 | Building Size | 7,513 SF |
| Price Per Room | $81,250 | No. Rooms | 16 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2025 |
| Property Subtype | Hotel | Parking Ratio | 6.39/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.62 AC | Opportunity Zone |
Yes
|
| Price | $1,300,000 |
| Price Per Room | $81,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 7,513 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 6.39/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Restaurant
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $64.00 | - |
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PROPERTY TAXES
| Parcel Number | 0440013601 | Improvements Assessment | $331,400 |
| Land Assessment | $224,400 | Total Assessment | $555,800 |
PROPERTY TAXES
Parcel Number
0440013601
Land Assessment
$224,400
Improvements Assessment
$331,400
Total Assessment
$555,800
zoning
| Zoning Code | B-2 |
| B-2 |
-
Trent Weaver -
Poe & Cronk Real Estate Group
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Redwood Motel and Mary's Diner | 18021 Virgil H Goode Hwy
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