Super 8


Price:
$1,750,000

Address :
425 Wharton Ln
Norton, VA 24273


  •  Great Location at the Intersection of US 23 and US 58 Bypass
  •  2-Story, Interior Corridor Design
  •  Property in Excellent Condition
  •  Consistent Performance in Revenue and Occupancy
  •  Ideal for First-Time Owner/Operator
    View Map    View Aerial
  •  The independent City of Norton serves as a regional hub for finance, healthcare, professional services and retail.
  •  Norton lies at the intersection of US Highways 23 and 58 Alternate, and it is less than 20 miles from Interstates 26 and 81.
  •  Close to Regional Demand Generators:
    •  2 Miles to Jefferson National Forest
    •  2.4 Miles to Norton Community Hospital
    •  3.9 Miles to Country Cabin II
    •  5.4 Miles to University of Virginia at Wise
    •  12 Miles to Mountain Empire Community College, Home to Home Craft Days
    •  18 Miles to Virginia City Hybrid Energy Center
    •  64 Miles to Bristol Motor Speedway
  •  2 Stories
  •  Interior Corridors
  •  Wood Frame Construction
  •  Stucco & Brick Facade
  •  Pitched, Asphalt-Shingled Roof
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room
  •  Guest Laundry
  •  Wireless Internet
  •  ±1.2035 Acres
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2017
2018
2019
2020
Occupancy
40.34%
46.86%
62.64%
44.60%
Average Daily Rate
$55.22
$49.78
$47.52
$50.15
RevPar
$22.28
$23.33
$29.77
$22.36
Room Revenue
$456,562
$476,842
$608,400
$457,337
Net Operating Income
N/A
$155,554
$188,191
N/A
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!