3282 Western Branch Blvd

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3282 Western Branch Blvd

Chesapeake, VA 23321
Asking Price
$6.40M
Asset Type
Hotel Hospitality
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Hospitality asset located at 3282 Western Branch Blvd in Chesapeake
  • Hotel facility listed for sale at a price of 6,400,000
  • Property situated within the established Hampton Roads regional market
  • Strategic location offers connectivity to both Chesapeake and Portsmouth areas
  • Asset suitable for continued operation as a commercial lodging site

What's Special

This hospitality asset sits along Western Branch Boulevard in Chesapeake, Virginia, a market that benefits from its proximity to major Hampton Roads transit corridors. The hotel property operates within a key submarket that serves both business travelers and visitors exploring the broader Tidewater region, which maintains a consistent demand for lodging driven by local industrial and military sectors. Investors looking to acquire a branded hospitality site in this area will find a location accessible to regional traffic arteries connecting Chesapeake to neighboring Portsmouth and the wider metro region. Prospective buyers can evaluate this facility for continued operation as an established lodging destination. Its strategic positioning offers direct access to the economic drivers of the region, ensuring visibility and connectivity for transient guests. The asset provides a foundation for hospitality operations in a suburban market characterized by sustained commercial activity and residential density. This sale represents an investment in a recognized hotel sub-sector within the coastal Virginia landscape.

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NOI
$80,000
Cap Rate
1.25%
DSCR
0.21
Underwater
Cash-on-Cash
-15.62%
Monthly Payment
$31,663.708
Annual Cash Flow
$-299,964.496

Location & Travel Times