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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
Location/Market
Physical Plant
Financials
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
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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!
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