1185 Airport RdPleasant Valley, WV 26554

Property Details for 1185 Airport Rd

Lot size

5.01 AC

Property type

Hospitality properties

Property subtype

Hotels

APN

24-22- 17-0124.0001

APU

24221701240001

Description

This exceptional investment opportunity presents the Quality Inn, a 93-key hotel situated at 1185 Airport Rd, Fairmont, West Virginia, 26554. Built in 1986, this two-story, single-building property boasts a prime location with convenient access to Interstate 79, ensuring high visibility and accessibility for guests. The hotel's strong performance is reflected in its impressive Net Operating Income (NOI) of $187,469, translating to a compelling price per key of $38,710. The asking price for this established hospitality asset is $3,600,000. This represents a significant opportunity for investors seeking a well-positioned hotel with a proven track record. The property's size and operational model make it particularly well-suited for owner-operators. Furthermore, its location and financial performance make it a strong candidate for Small Business Administration (SBA) financing. The property is offered at a price below replacement cost, presenting a compelling value proposition for discerning investors. This is a rare chance to acquire a profitable hotel in a desirable location with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $54,098,684

  6.5%

  $49,937,248

  7%

  $46,370,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $80,722,504

  Geo Method

  $80,722,504

• Alternative Use

  Use

  Valuation

  Residential

  $54,516,964

  Hospitality

  $49,937,248

  Educational

  $41,547,204

  Medical

  $42,976,076

  Retail

  $64,628,984

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.4471

Longitude

-80.1646

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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