2971 Valley Avenue, Winchester, VA
Hotel for Sale - $2,300,000 - 5,832 Sq. Ft.
Property Info
CIMLS# | 804999 |
Location 2971 Valley Avenue Winchester VA 22601 | |
Updated | September 11th, 2016 |
Type | Hotel |
Price | $2,300,000 |
Building | 5,832 Sq. Ft. |
Property Description
Executive Suites and Office Center offering short term stays for business clients in the Winchester VA market. Loft efficiency units, Townhouses and Condominium unit for short offered for lease with Full time and part-time furnished office suites, conference room, and receptionist services. Privately operated and managed for over 10 years. Portfolio comprised of six properties, located in Winchester, VA.
Location Description:
Executive Suites extended stay corporate residences and office center is centrally located the City of Winchester, VA., off major highways I-81, Rt. 7, Rt. 50 or 522, with frontage on Valley Avenue. Excellent visibility in commercial business district, close to retail, restaurants and close to Town Center.
Highlights:
>> 20 Loft Suites w/ Kitchenette plus Townhouses and Condo Unit
>> Office center with 12 Offices, Conference and Workroom
>> Rental Income $410,593
>> Cap Rate - 8.9%
>> Short term stay/ Corporate rentals
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