334 CAROLINE ST Orange, VA 22960

Building Details

Year Built

2011

Listing Agency Colliers - Richmond, Virginia Show Phone

Listed by Luke McKown · License #0225266266

Source Crexi

Added: May 12 Checked: Jul 15 at 6:07 pm

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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.

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FAQs

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.