2836 N LEE HWY

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2836 N LEE HWY

LEXINGTON, VA 24450-3132
Asking Price
Contact for price
Asset Type
Hotel Hospitality
Class
Class B

What's Special

100 Keys | Prime I-81 Location | Significant Renovations Completed <p>Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Howard Johnson Lexington, located at 2836 N Lee Highway, Lexington, VA 24450. The subject property is a 100-room, five-story, interior-corridor, limited-service hotel constructed in 1975 and situated on approximately 10.72 acres with direct visibility and access to Interstate-81 (approximately 47,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-p

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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