18021 Virgil H Goode Hwy Rocky Mount, VA 24151-3482
Property profile & analytics
18021 Virgil H Goode Hwy Rocky Mount, VA 24151-3482
- Motels
- 7,513 SF
- 1.47 lot acres
Property ID
US87-1700497
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Redwood Motel / Hotel & Motel
Property Details for 18021 Virgil H Goode Hwy
- Year built
- 1964
- Lot size
- 1.47 lot acres
- Property size
- 7,513 SF
- Zone code
- B2
- Property type
- Motels
- APN
- 044 00-136 01
- APU
- 440013601
Description
This exceptional investment opportunity presents a fully renovated Redwood Motel and Mary's Diner, situated on a 1.47-acre lot at 18021 Virgil H Goode Hwy in Rocky Mount, Virginia (zip code 24151). The property boasts a total of 7,513 square feet across two buildings, with a permitted B2 zoning classification. Built in 1957 and extensively renovated in 2024, this property offers 16 guest rooms, each undergoing a complete gut renovation, including new wallboard, vinyl plank flooring, plumbing fixtures, and HVAC units. A manager's suite and a space suitable for a coin-operated laundry are also included. The accompanying Mary's Diner generates approximately $14,000 in annual supplemental income. The property is conveniently located on busy Route 200, offering high visibility and accessibility. This turnkey operation, ready for immediate rental, presents a significant return on investment. The asking price is $1,300,000, translating to $173.03 per square foot. The property's APN is 0440013601. This is a rare chance to acquire a fully renovated, income-producing hospitality property in a desirable location. Don't miss this opportunity to own a thriving business in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Rocky Mount
- County
- Franklin
- State
- Virginia
- Longitude
- -79.8771
- Latitude
- 37.0434
- CBSA code
- 40220
- CBSA name
- ROANOKE, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$224,400
$331,400
$555,800
-
$224,400
$331,400
$555,800
