Motel 6


[Currently Under Contract]

Address :
853 N Military Hwy
Norfolk, VA 23502

  •  Long-term leasehold interest (See page 17 for a summary of the terms)
  •  Positive revenue trend in-place
  •  Hotel will retain Motel 6 brand affiliation subject to a change of ownership PIP that is under development
  •  Well-located to the region’s military, commercial and leisure demand generators
  •  Units with kitchenettes offer an extended-stay option
  •  Opportunity to increase revenues through new management
  •  Excellent opportunity for an owner/operator
    View Map    View Aerial
  •  Norfolk is part of Virginia’s Hampton Roads region, which is home to 1.7 million people and the 7th largest MSA in the Southeast.
  •  Only a short drive from IKEA Virginia’s newest location at the corner of US 64 and US Route 13
  •  Close to Regional Demand Generators:
    •  1.7 Miles to Sentara Leigh Hospital
    •  3.7 Miles to Virginia Wesleyan University
    •  3.7 Miles to Norfolk International Airport (ORF)
    •  3.9 Miles to Norfolk State University
    •  5.3 Miles to Downtown Norfolk Waterside District
  •  3 Buildings
  •  2 Stories
  •  Exterior Corridors
  •  Block and Frame Construction
  •  Vinyl Facade
  •  Flat Built-Up Roof
  •  Parking Lot
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  Built 1974
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T-21Mos 10/19
Average Daily Rate
Room Revenue
Net Operating Income
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!