Listing Presented by Bill Aden, REALTORŪ with Coldwell Banker Townside® Blacksburg (540) 552-6500
MLS#: 402505 $5,750,000 3503 Holiday Lane BLACKSBURG VA 24060
Description: Sale property is 2 parcels #000745 & #005313 , 3511/3503 Holiday Lane, Blacksburg. Property prime for re-development, or lodging, due to proximity to rapidly growing Virginia Tech & Town of Blacksburg . Property within 1.0 miles of Va Tech airport ,within 1.5 miles of Va Tech, within 0.8 miles of VT Corporate Research Center , across 460 from Regional Hospital, and within Town limits . AADT: 460 Bypass = 42,000 VPD ; 460 business = 17,000 VPD . Events at Va Tech, such as athletics & graduations generate greater traffic. Property zoned GC ( General Commercial) Existing hotel approx 51,500 sq ft containing 98 guest rooms - kings, doubles, suites, and studio suites . Approx 191 parking spaces . Hotel built 1968 - renovated in 2014 Amenities existing hotel include 3 meeting rooms , outdoor swimming pool , fitness center, business center, party center, and limited kitchen serving breakfast . Former hotel contained restaurant therefore space available .
Directions: Property is adjacent to major intersection of U.S. 460 Bypass and Blacksburg South Main Street on the corner of Holiday Lane and Yellow Sulphur Road . Specifically , property is off of 460 Business Exit 5A from 460 to Blacksburg ( west ) and Exit 3A traveling east on 460
Blacksburg (in town limits)
FEATURES: Central Air