700 Monticello Ave | Norfolk, VA 23510
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
700 Monticello Ave
Norfolk, VA 23510
Wyndham Garden Norfolk Downtown · Hospitality Property For Sale · 211,988 SF
Investment Highlights
- Fee Simple Interest in the 204-Unit, 12-Story, Full-Service Wyndham Garden in Downtown Norfolk, VA
- Certified Historic Structure Qualifies for State/Federal Rehabilitation Tax Credit Incentives
- D-AD: Downtown Arts and Design District Zoning May Permit a Variety of Alternative Uses Including Multifamily Residential
- 12-Story, 1951-Built, Concrete Hotel Renovated in 2016 with Banquet Space, Restaurant, and Underground Parking
- Assumable $9,000,000 Non-Recourse CMBS Debt In-Place with 4.2% Interest-Only Payments for the Life of the Loan (2029 Maturity)
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 12 |
| Property Subtype | Hotel | Year Built/Renovated | 1951/2021 |
| Building Class | B | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 5.54 AC | Corridor | Interior |
| Building Size | 211,988 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.54 AC |
| Building Size | 211,988 SF |
| No. Stories | 12 |
| Year Built/Renovated | 1951/2021 |
| Parking Ratio | 1.52/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 38295001 | Improvements Assessment | $2,503,300 |
| Land Assessment | $4,293,100 | Total Assessment | $6,796,400 |
PROPERTY TAXES
Parcel Number
38295001
Land Assessment
$4,293,100
Improvements Assessment
$2,503,300
Total Assessment
$6,796,400
zoning
| Zoning Code | D-4 |
| D-4 |
Learn More About Investing in Hospitality Properties
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
