Motel 6 - Seller Financing

For Sale

1160 E Main St, Wytheville, VA 24382

This Wytheville property for sale is located at 1160 E Main St. The general use of Motel 6 - Seller Financing is other and it incorporates 24,052 square feet of class C other space. The current listed sale price for Motel 6 - Seller Financing is $2,300,000. Motel 6 - Seller Financing is situated on a lot that is 1.74 acre in size.

Contacts

broker

Nicholas Lancetti

Lee & Associates - Charlotte

Property Details

  • Property Type Other
  • Property Size 24,052 SF
  • Units 72
  • Lot Size 1.74 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1980
  • Date Updated Oct 9, 2024
Lee & Associates Charlotte is pleased to present exclusively for sale the recently renovated, 72-key dual branded Motel 6 / Studio 6 located at 1160 E Main Street in Wytheville, VA. This property, situated approximately 1 mile from I-81, is nestled in the foothills of the Blue Ridge Mountains in Wytheville, VA. Known as "The Hub of Southwest Virginia" and "The Crossroads of the Blue Ridge," Wytheville offers a prime location for travelers and tourists alike. The property, which began operations in April of this year, has demonstrated strong performance, with the last 3-month sales averaging $68,000 per month. This dual-branded Motel 6 / Studio 6 provides excellent potential for continued revenue growth, given its strategic location and recent renovations. Don't miss the opportunity to invest in this ideally located asset in a high-demand area of Virginia.

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Highlights

  • - New Roof
  • - New Exterior / Interior paint
  • - New Luxury Vinyl Flooring
  • - New 40” Flat Screen TVs
  • - Newly Paved Parking Lot
  • - New Plumbing Pipes (Replacing Original Copper with PVC)
  • - All Walkways Resurfaced and Painted
  • - New Microwaves and Refrigerators
  • - New Drapes
  • - New Guestroom Towels
  • - New Brand Signage
  • - New Trash Container Enclosure
  • - New Roof Lighting to Illuminate Parking Lot
  • - New Motel 6 Check-In Computer System
  • - Approx. 50% New Ptac Units
  • - Approx. 50% New Toilets

Getting around

  • 48/100

    Walk Score ®

  • 29/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Wytheville, VA
  • Neighborhood Wytheville
  • Zip Code 24382

Points of Interest

  • GoMart

    0.22 miles

  • Shell

    0.51 miles

  • BP

    0.91 miles

  • Sheetz

    1.52 miles

  • Circle K

    4.30 miles

  • Flying J

    4.40 miles

  • Knights Inn

    0.01 miles

  • La Quinta Inn & Suites by Wyndham Wytheville

    0.64 miles

  • Country Inn & Suites by Radisson, Wytheville, VA

    0.72 miles

  • The Bolling Wilson Hotel, Ascend Hotel Collection

    0.74 miles

  • Quality Inn & Suites

    0.83 miles

  • Ramada by Wyndham Wytheville

    0.86 miles

  • Days Inn

    0.92 miles

  • Holiday Inn Express & Suites Wytheville

    0.93 miles

  • Hampton Inn Wytheville

    0.98 miles

  • Fairfield Inn & Suites by Marriott Wytheville

    0.99 miles

  • Food Lion

    0.22 miles

  • Food Lion

    1.43 miles

  • Burke's

    1.57 miles

  • Walmart Supercenter

    1.64 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Nicholas Lancetti

Lee & Associates - Charlotte