For Sale
$350,000

10234 Orby Cantrell Hwy Pound, VA 24279

29-Room Motel, 4.27 Acres

Overview

Added:
Feb 3
Days on market:
84
This established 29-room motel in Pound, Virginia, presents a compelling investment opportunity. Situated on a 4.27-acre lot, the property boasts 40 parking spaces, catering to both short-term and extended-stay guests. While the rooms are described as cozy, they are not currently well-maintained, presenting a chance for renovation and increased profitability. The motel's convenient location near local attractions, shopping, and outdoor recreational areas ensures a steady stream of potential guests. The existing infrastructure provides a solid foundation for a successful hospitality business. With 20,000 square feet of building space, there's ample room for expansion or repurposing. The property's welcoming atmosphere and established clientele offer immediate revenue potential. This is an exceptional opportunity for an investor seeking to capitalize on the growing tourism sector in the region or to develop a unique hospitality venture. The asking price is $350,000. This represents a significant opportunity to acquire a substantial property in a desirable location with potential for significant return on investment. The property's size and location make it suitable for a variety of uses, beyond its current function as a motel.

Property Details for 10234 Orby Cantrell Hwy

Property type
Commercial real estate
Square Feet
20,000 SF
Year Built
1975
Lot Size (sq. ft)
186,001 SF

Location Insight

City
Pound
County
Wise
State
Virginia
Latitude
37.09418
Longitude
-82.59961

FAQs

What type of property is this?
Commercial real estate - 29-Room Motel, 4.27 Acres
Where is the commercial real estate located?
The property is located at 10234 Orby Cantrell Hwy Pound, VA.
What is the asking price?
The asking price for this property is $350,000.
How can I contact the broker?
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10234 Orby Cantrell Hwy
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