Hotel Laurance | 2 S Court St
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Hotel Laurance 2 S Court St
12 Room Hotel Luray, VA 22835 $2,650,000 ($220,833/Room)
Investment Highlights
- - 12 self service units for maximum revenue potential
- - Renovated in 2015 for modern appeal
- - Prime location in the vibrant Charlottesville area
- - Built in 1933, exuding timeless charm
- - Zoned B1 for flexible usage options
Executive Summary
Uncover the potential of this exceptional hospitality investment opportunity! This 11,000
square foot property, built in 1933 and meticulously renovated in 2015, presents 12
boutique hotel rooms designed for the discerning limited-service investor. Strategically
located in the vibrant Charlottesville area, this building is zoned B1, offering a prime
location for leveraging its proximity to key attractions. The property's timeless architecture
and modern amenities make it a compelling choice for investors seeking to capitalize on the
dynamic hospitality market. Don't miss the chance to acquire this meticulously maintained
property, poised to deliver exceptional returns in the thriving Charlottesville market.
Additional lot on Main St is available for sale but is not included in the price.
square foot property, built in 1933 and meticulously renovated in 2015, presents 12
boutique hotel rooms designed for the discerning limited-service investor. Strategically
located in the vibrant Charlottesville area, this building is zoned B1, offering a prime
location for leveraging its proximity to key attractions. The property's timeless architecture
and modern amenities make it a compelling choice for investors seeking to capitalize on the
dynamic hospitality market. Don't miss the chance to acquire this meticulously maintained
property, poised to deliver exceptional returns in the thriving Charlottesville market.
Additional lot on Main St is available for sale but is not included in the price.
Property Facts
| Price | $2,650,000 | Lot Size | 0.30 AC |
| Price Per Room | $220,833 | Building Size | 11,000 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1933/2015 |
| Building Class | B | Corridor | Interior |
| Price | $2,650,000 |
| Price Per Room | $220,833 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 11,000 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built/Renovated | 1933/2015 |
| Corridor | Interior |
Amenities
- Balcony
- Meeting Event Space
- Wedding Venue
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $175.00 | - |
PROPERTY TAXES
| Parcel Number | 42A10-A-59 | Improvements Assessment | $738,600 |
| Land Assessment | $64,500 | Total Assessment | $803,100 |
PROPERTY TAXES
Parcel Number
42A10-A-59
Land Assessment
$64,500
Improvements Assessment
$738,600
Total Assessment
$803,100
zoning
| Zoning Code | B1 (Business) |
| B1 (Business) |
-
Richard Vaaler -
Nancy Hill -
Vaaler Commercial Real Estate
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Hotel Laurance | 2 S Court St
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