For Sale
$6,700,000

1891 Evelyn Byrd AveHarrisonburg, VA 22801

81-Key Hotel Near JMU, VA

Overview

Added:
Dec 11, 2024
Days on market:
114
This 81-key, four-story Sleep Inn & Suites hotel in Harrisonburg, VA, presents a compelling investment opportunity. Built in 2003 and renovated in 2017, the property boasts 74,226 square feet on a 1.7-acre lot, zoned B2. Located less than a mile from James Madison University (22,000+ students) and conveniently situated off Interstate 81 and US Route 33 (60,000+ vehicles daily), the hotel benefits from high traffic volume and proximity to major demand generators. Amenities include a business center, fitness center, complimentary breakfast, and guest laundry facilities. Each of the 81 guest rooms features a flatscreen TV, work desk, refrigerator, microwave, and coffee maker. The hotel's strong location within the Shenandoah Valley, coupled with the area's robust economic and demographic growth, positions it for continued revenue growth. Nearby attractions include the Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, several museums, Massanutten Resort (325,000 annual visitors), and Shenandoah National Park (1.4 million annual visitors). The asking price is $6,700,000. This represents a strong value proposition in a thriving market with significant upside potential. The property offers a compelling combination of established operations and significant growth opportunities.

Highlights

  • Four-story, interior corridor, modern midscale hotel.
  • New "Designed to Dream" signage, competing with upper-midscale properties.
  • Excellent location off I-81 and US-33 (60,000+ vehicles daily).
  • Less than one mile from James Madison University (22,000+ students).
  • Close proximity to area attractions including the Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, and several museums.
  • Short drive to Massanutten Resort (325,000 annual visitors) and Shenandoah National Park (1.4 million annual visitors).

Property Details for 1891 Evelyn Byrd Ave

Property type
Hospitality properties, Hotels
Square Feet
74,226 SF
Year Built/Renovated
2003/2017
Stories
4
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.4309643
Longitude
-78.8494972
1891 Evelyn Byrd Ave, Harrisonburg, Virginia

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1891 Evelyn Byrd Ave
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