64 Room Motel & Restaurant
- Listing Id: 0655
- Broker Name: Kay Davis
- Category: Hotels and Motels
- Asking Price: $900,000.00
- EBITDA: $590,000.00
- Real Estate: $2,900,000.00
- Cash Flow: $62,000.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $285,000.00
- FF&E: $35,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Lebanon
- State: VA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
64 Room/Suite Motel, Manager's apartment, and 4800 sf fully equipped restaurant (even the kitchen is air-conditioned!) This two-story structure is in good condition, well-maintained and clean. Situated on 1.9+/- prime Acres on Lebanon's main street and in the heart of newer retail/fast food district. Within 500' are Taco Bell, Hardee's and a new McDonalds, plus O'Reilly Auto Parts, Rite Aid and other retail/professional. All motel rooms were well-maintained by the same owner for the past 30 years and are fully furnished. High visibility with more than 550' frontage on Main Street and 1/2 mile from Highway 19. Ideal candidate for conversion to rental apartments. The land alone is worth the asking price! All information provided is believed to be correct by is subject to errors and omissions. Buyer/buyer's agent to verify all information and perform full due diligence. Some information taken from tax records and some provided by Owner; all should be verified.
Financial Summary
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