940 E Main St | Abingdon, VA 24210
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940 E Main St
Abingdon, VA 24210
Country Inn & Suites by Radisson, Abingdon · Hospitality Property For Sale · 37,260 SF
Investment Highlights
- AUCTION SITE: https://rimarketplace.com/auction/2065/country-inn-suites-abingdon-va?utm_source=costar
- Considerable in-place revenues with proven market share upside and the ability to convert to a Spark by Hilton
- Strategic location proximate to Historic Main Street Abingdon and the submarket’s most frequented demand generators
- Recently renovated fee-simple, non-union hotel in excellent condition
- Stable cash-flow with management value-add upside
- Highly accessible positioning off Interstate 81, providing convenient access to the “Tri-Cities” – Bristol, Johnson City, and Kingsport
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1991/2019 |
| Building Class | B | Parking Ratio | 2.25/1,000 SF |
| Lot Size | 1.52 AC | Corridor | Interior |
| Building Size | 37,260 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.52 AC |
| Building Size | 37,260 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1991/2019 |
| Parking Ratio | 2.25/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 106-4-3-AB | Improvements Assessment | $1,964,000 |
| Land Assessment | $993,200 | Total Assessment | $2,957,200 |
PROPERTY TAXES
Parcel Number
106-4-3-AB
Land Assessment
$993,200
Improvements Assessment
$1,964,000
Total Assessment
$2,957,200
zoning
| Zoning Code | OI |
| OI |
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