1881 Evelyn Byrd AveHarrisonburg, VA 22801

  • Hospitality properties
  • 29,652 SF
For Sale
$7,000,000 View listing

Property Details for 1881 Evelyn Byrd Ave

Year built
2007
Lot size
1.66 AC
Property size (Sq ft)
29,652 SF
Zone code
GENERAL BUSINESS
Property type
Hospitality properties
Property subtype
Hotels
APN
079 E 9
APU
079E9

Description

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.

1881 Evelyn Byrd Ave, Harrisonburg, Virginia

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.4311
Longitude
-78.8504
CBSA code
25500
CBSA name
HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$48,543
$1,226,300
$4,167,400
$5,393,700
-
$1,226,300
$4,167,400
$5,393,700

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