1891 Evelyn Byrd Ave, Harrisonburg, VA 22801-3487
- Hotels
- 1,392 SF
- 1.70 lot acres
Current Use by Public Records
- Hotels
Property Details for 1891 Evelyn Byrd Ave
- Year built
- 2003
- Lot size
- 1.70 lot acres
- Zone code
- GENERAL BUSINESS
- Property type
- Hotels
- APN
- 079 E 9-A
- APU
- 079E9A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 3, 2018 | $5,850,000 | 1891 Hospitality LLC | Inn And Suites LLC | Warranty Deed | $3.3M · The First Bank & Trust Co |
| Jan 3, 2018 | — | 1891 Hospitality LLC | — | Deed · related | $2.7M · Inn And Suites LLC |
| Dec 2, 2005 | — | Inn & Suites LLC | Mark F Miller | Deed | — |
Description
This 81-key, four-story Sleep Inn & Suites hotel in Harrisonburg, VA, presents a compelling investment opportunity. Built in 2003 and renovated in 2017, the property boasts 74,226 square feet on a 1.7-acre lot, zoned B2. Located less than a mile from James Madison University (22,000+ students) and conveniently situated off Interstate 81 and US Route 33 (60,000+ vehicles daily), the hotel benefits from high traffic volume and proximity to major demand generators. Amenities include a business center, fitness center, complimentary breakfast, and guest laundry facilities. Each of the 81 guest rooms features a flatscreen TV, work desk, refrigerator, microwave, and coffee maker. The hotel's strong location within the Shenandoah Valley, coupled with the area's robust economic and demographic growth, positions it for continued revenue growth. Nearby attractions include the Edith J. Carrier Arboretum, Atlantic Union Bank Center, JMU Convocation Center, several museums, Massanutten Resort (325,000 annual visitors), and Shenandoah National Park (1.4 million annual visitors). The asking price is $6,700,000. This represents a strong value proposition in a thriving market with significant upside potential. The property offers a compelling combination of established operations and significant growth opportunities.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $930,000
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Location Insight
- Map
- Local Demand
- City
- Harrisonburg
- County
- Harrisonburg City
- State
- Virginia
- Longitude
- -78.8495
- Latitude
- 38.4311
- CBSA code
- 25500
- CBSA name
- HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
