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Interstate I-81 Motel | Redevelopment 3.96 AC 5399 W Main St 14 Room Hotel Salem, VA 24153 $1,675,104 CAD ($119,650 CAD/Room)
INVESTMENT HIGHLIGHTS
- Interstate 81 | Exit 132
- 3.96 AC + Over 1,000' of Road Frontage
- Prime Development or Redevelopment Site
EXECUTIVE SUMMARY
This is the Blue Jay motel just off of Exit 132 on Interstate 81 in Roanoke County. The motel offers 14 keys with 4,856 square feet. The adjoining owner’s home is an additional 3,441 square feet. Included in this sale is an adjoining undeveloped 2.23 acre parcel.
The total acreage for the entire site is 3.96 +/- acres with 1,045’ +/- of frontage on W Main Street. This property adjoins Interstate 81. The Convenience store is not included in this sale.
The motel is served by public water and private septic. The septic system is located on the adjoining 2.23 acre parcel. Public sewer is currently at the corner of W Main Street and Pleasant Run Drive.
The entrance and septic system will be shared with the adjoining convenience store through an easement and maintenance agreement.
Prime development opportunity with additional land included.
The total acreage for the entire site is 3.96 +/- acres with 1,045’ +/- of frontage on W Main Street. This property adjoins Interstate 81. The Convenience store is not included in this sale.
The motel is served by public water and private septic. The septic system is located on the adjoining 2.23 acre parcel. Public sewer is currently at the corner of W Main Street and Pleasant Run Drive.
The entrance and septic system will be shared with the adjoining convenience store through an easement and maintenance agreement.
Prime development opportunity with additional land included.
PROPERTY FACTS
| Price | $1,675,104 CAD | Building Size | 8,297 SF |
| Price Per Room | $119,650 CAD | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1960/2005 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.46/1,000 SF |
| Lot Size | 3.86 AC | Corridor | Exterior |
| Zoning | C2S & C2 - Commercial | ||
| Price | $1,675,104 CAD |
| Price Per Room | $119,650 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.86 AC |
| Building Size | 8,297 SF |
| No. Rooms | 14 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2005 |
| Tenancy | Single |
| Parking Ratio | 4.46/1,000 SF |
| Corridor | Exterior |
| Zoning | C2S & C2 - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $94.92 CAD | - |
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Interstate I-81 Motel | Redevelopment 3.96 AC | 5399 W Main St
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