ABVI Lynchburg VA

ABVI Lynchburg VA

Price : $Under Contract

This 66 keys limited service, interior corridor property is conveniently located along US Rt 29 just 2 miles north of Lynchburg, near the beautiful Blue Ridge and Allegheny Mountains. We are in close proximity to Airport, Historical Museums and Memorials, Colleges and Universities and other attractions. Come relax and enjoy the value at the Americas Best Value Inn of Madison Heights/Lynchburg.
 
The property is run absentee owner. The property can be a good cash flowing asset for an owner operator and/or a first time hotel buyer. The property revenues have been stable for past three years, however, a potential to increase the revenues exist after some minor renovations. A number of colleges and universities in the vicinity can certainly provide the traffic and the revenues.
 
The Seller is an absentee owner living in New Jersey and is not capable to managing the property due to some personal problems. At an asking price of $ 1,400,000, much below replacement value, the property offers a significant upside to a new owner operator.