Purchase this 20-Unit Hotel/Motel with 4 Retail Storefronts and additional Single-Family Residence
*NOTE: The property houses Active Businesses. Do NOT attempt to contact the individual/store owners or tenants directly. Please contact listing agent for further information.
Inherited in 2004 the current owners purchased the corner stores of 1140 Hugo St and 6155 Sewells Point Road, to add to the properties at 1136 Hugo St and 6159, 6163, 6165 and 6167 Sewells Point Rd through 2005. After the purchase of the additional parcels, the owners surveyed the land to add the driveway to the commercial property at which point it was demised by the city of Norfolk as 1136 Hugo Lot B (private house) and 1140 Hugo St Lot A, which includes, 6155, 6161, 6163, 6165 and 6167 Sewells Point Rd.
Annually the owners obtain a permit from the city of Norfolk for 6165 to operate as a Hotel/Motel (rooming house), with 20 rentable rooms on a monthly or bi weekly basis.
Located off Sewells Point Road, near the high-traffic 5-Points intersection, The Anchor Apartments are conveniently located near the interstate, schools, commercial strip centers and only moments from the Norfolk Airport.
Please contact Fouad Mohit for more information at (757) 237-2301 or email@example.com.
Property listed by MainStreet Commercial at Keller Williams Realty located at 1100 Volvo Parkway, suite 200, Chesapeake, Va | Tel: (757) 349-MAIN (6246)
Asking Price $550,000
You May Also Like
Motel for Sale - Charlottesville Area #452148 posted Aug 22, 2016
- Virginia, United States
25 room motel on 30 plus acres in a very desirable location. Onsite guest laundry, soda machine, lobby sales of snacks and other items. Additional rental unit on property. Large 2 story structure (5,000 square feet) on property that could be converted to use for events, or rented out for additional...
The Meadows Inn B&B #386504 posted Jul 28, 2015
- New Bern, North Carolina, United States
The perfect lifestyle bed & breakfast! Enjoy life and practice the art of hospitality running a premium bed & breakfast in a wonderful North Carolina coastal town. Located in one of New Bern's signature historic Antebellum properties which has been operating as a b&b since 1980. Main house built in...
Hotel "Four Stars" in the Center of Madrid #453726 posted Sep 13, 2016
- Woodbridge, Virginia, United States
- $65,457,026 (€61,000,000 EUR)
The hotel has 200 rooms. The hotel has a swimming pool and a large sun terrace, with panoramic rooftop views, a restaurant with outdoor terrace, a bar. The hotel is in excellent condition and has been recently renovated.Located in the heart of Madrid. The famous Puerta del Sol is a 5-minute walk from...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.