58-Room Hotel in Orange,
For Sale
Contact for pricing
334 CAROLINE ST, Orange, VA 22960
Three-story, interior-corridor hotel with upside potential.
Property Size42,416 SF
Days on Market112
Property Features for 334 CAROLINE ST
General Information
Standard status
Active
Size
42,416 SF
Property subtype
Hospitality
Building Details
Year Built
2011
Stories
3
Units
1
Listing Agency:
Colliers - Richmond, Virginia
(804) 441-7722
Listed By:
Luke McKown · License #0225266266
Source:
Crexi
Added: May 12
Changed: Aug 27
Last Checked: Aug 28 at 9:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Richmond, Virginia
Investment Insights
Based on property information with market context.
This is a fee simple interest in a 58-room, three-story hotel featuring an interior-corridor layout. The property presents a significant opportunity for an operator to enhance revenue by focusing on occupancy rates and regaining market share. A comprehensive property improvement plan is scheduled to be finalized at the end of Q1 2025. The local economy is experiencing growth, supported by L3Harris Technologies' manufacturing expansion.
Key Highlights
- Significant upside potential to aggressively push occupancy and recapture fair market share.
- Robust local economic growth anchored by L3Harris Technologies' major manufacturing expansion.
- Comprehensive property improvement plan finalized at the end of Q1 2025.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 22960, VA
11,067
Population
4,711
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
87%
High-School Grad
121.9 sq mi
ZIP Area
91
Density / Sq Mi
$79,081
Median Household Income
$41,658
Median Earnings
$1,085
Median Rent
$274,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story, interior-corridor hotel with upside potential.
Where is this hotel located?
The property is located at 334 CAROLINE ST Orange, VA.
What are key features of this property?
This property features: Significant upside potential to aggressively push occupancy and recapture fair market share.; Robust local economic growth anchored by L3Harris Technologies' major manufacturing expansion.; Comprehensive property improvement plan finalized at the end of Q1 2025.
