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    62-Key Hotel
    Updated: Oct 24
    62-Key Hotel

    945 J Clyde Morris Blvd, Newport News, VA 23601

    $3,100,000
    40,000 sqft 1.40 AC lot
    62‑key hotel on ±1.40 acres
    Approximately 40,000 SF across three stories
    65 surface parking spaces
    Built in 1987
    Occupancy available December 1, 2026
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    See hot listings in Newport News

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newport News, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Operating Hotel with Parking Lot
    Operating Hotel with Parking Lot

    410 21st St, Virginia Beach, VA 23451

    $5,000,000
    46,260 sqft

    The sale includes a separate parking lot at 405 20th Street in Virginia Beach.

    View details
    97-Room Hotel Property
    97-Room Hotel Property

    1830 City Center Blvd, Elizabeth City, NC 27909

    Contact for pricing
    1.24 AC lot

    97-room Fairfield Inn and Suites on a portion of a subdivided property being sold in various parcel sizes.

    View details
    Subdividable Commercial Land
    Subdividable Commercial Land

    1765 City Center Blvd, Elizabeth City, NC 27909

    Contact for pricing
    1.46 AC lot

    Portions of the property include a 97-room Fairfield Inn and Suites, with the owner offering various size land parcels.

    View details
    Mixed-Use Town Center Development
    Mixed-Use Town Center Development

    222 Central Park Ave, Virginia Beach, VA 23462

    Contact for pricing

    Town Center in Virginia Beach anchors a dense live-work-play market with hotels, residences, and major daily employment.

    View details

    Newport News, VA Hotels Market Trends and Statistics

    Explore 1 hotels for sale in Newport News, VA on our real estate platform. These investment opportunities span a total of 40,000 square feet of properties for sale, with an estimated market value of $3,100,000.

    Sale prices for resorts in Newport News, VA average $3,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 188K
    Population Growth (5Y) -3.4%
    Median Household Income $66,006
    College Educated 28.1%

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $18.38 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Newport News city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Newport News fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Popular Searches in Newport News, VA

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    Most Searched ZIP Codes in Newport News, VA

    • 23601

    Featured Newport News Real Estate Agencies

    Realmo connects you with licensed Newport News CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Peninsula Realty Group, Inc./ RE/MAX Elevate
    744 Thimble Shoals Blvd Newport News, VA 23606
    Phone: (757) 873-3636
    www.remaxelevatesells.com
    garrett Realty Partners
    11864 Canon Blvd Ste 103 Newport News, VA 23606
    Phone: (757) 873-1002
    www.garrettrealtypartners.com
    Greggarrettrealty.com
    11864 Canon Blvd, Suite 103 Newport News, VA
    Phone: (757) 534-7500
    Why this one?
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