For Sale
$7,000,000

1881 Evelyn Byrd AveHarrisonburg, VA 22801

Award-winning hotel, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, 72,310 square-foot Quality Inn in Harrisonburg, VA, is offered at $7,000,000 ($96.81/sq ft, $104,478/key). Built in 2007 and extensively renovated in 2023, this three-story, 67-key hotel boasts a prime location near Interstate 81 and US Route 33, experiencing high daily traffic volume (60,000+ vehicles). Its proximity to James Madison University (less than a mile, 22,000+ enrollment) ensures consistent demand. The hotel features a seasonal outdoor pool, complimentary breakfast, and guest laundry facilities. Each of the 67 guest rooms includes a flatscreen TV, work desk, refrigerator, microwave, and coffee maker. The property sits on a 1.66-acre lot (APN: 079 E 9) and is zoned B2. Achieving GOLD status in 2024, placing it in the top 10% of its brand, this hotel presents a strong investment opportunity with potential for increased revenue and market share. Nearby attractions include Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, several museums, Massanutten Resort, and Shenandoah National Park, further enhancing its appeal and potential for growth. The property offers ample space to upgrade outdoor amenities and explore boutique or upper-midscale branding options.

Highlights

  • Three-story, interior corridor hotel, recipient of a Platinum Award.
  • Achieved Gold status in 2024, ranking in the top 10% of its brand.
  • 2023 renovation with premium finishes; potential for boutique or upper-midscale branding.
  • Significant opportunity to enhance outdoor amenities.
  • Prime location off I-81 and US Route 33 (60,000+ vehicles daily).
  • Less than one mile from James Madison University (22,000+ students).

Property Details for 1881 Evelyn Byrd Ave

Property type
Hospitality properties, Hotels
Square Feet
72,310 SF
Year Built/Renovated
2007/2023
Buildings
1
Stories
3
Lot Size (sq. ft)
72,310 SF

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.4307378
Longitude
-78.8506224
1881 Evelyn Byrd Ave, Harrisonburg, Virginia

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1881 Evelyn Byrd Ave
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