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Conveniently located just west of I-95 and less than a mile from the I-85/I-95 interchange, this 6 story hotel, currently operating as an independently run extended stay Travel Inn, offers a scalable redevelopment project, either for a franchise operator or a developer, and is poised to capitalize on both opportunity zone and enterprise zone incentives. The property’s current B-2 zoning allows for operation of a hotel and also includes by-right entitlement for a potential apartment conversion.
The property site is comprised of a 61,000 SF structure which includes both the hotel and an attached full service restaurant not currently in operation, as well as a porte cochere and approximately 160 +/- parking spaces. The site size also provides for ample opportunity to reconfigure parking, expand the building footprint, and/or develop amenity space. The main structure includes elevator service and individual balconies for every unit, which could also perhaps be reclaimed square footage in a redevelopment.
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Listing Agent: Isaac Weintz Courtesy of: One South Realty Group, LLC All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Updated: 18th August, 2022 11:20 PM (UTC)