LOCATION : Major traffic corridor in the southern end of Winchester in Frederick County, Virginia. This urban area of northern Shenandoah Valley is 60 miles east of Washington D.C. Metropolitan area with direct high speed access on I-81, I-66, Route 50 and Route 7. PROPERTY DESCRIPTION : Two separate Buildings with a large Parking Area on 120,531SF site, gently rising from curbside to the rear. Split Foyer Office is 2,843 SF with managementarea, guest registration, and (2) one-bedroom apartments with kitchenettes. Motel Buildingis 5,897 SF with a total of (20) guest rooms figured as (1) King-King; (5) Double-Double; (9)King; (2) Queen; and (3) Double rooms. http://www.loopnet.com/lid/17412489BUSINESS OPPORTUNITY : Currently operated as a Private Brand Hotel and Extended Stay. There are no Franchise Fees. 2010 Occupancy rate of 56% produced Room Revenues in excess of $160,000. This operation features low Overhead Costs & the opportunity to Increase Revenues. Excellent location for future Development. Available prior to Year End at Your Price! Title Company & Escrow Services arranged. FINANCING: 6.50% Interest; monthly payments of principal & interest amortized on 25-year term; 25% cash down payment; balance due in 60 months.CASHIER'S CHECK REQUIRED TO BID : Possession of a Cashier's Check in the amountof $21,500, made payable to Atty. Michael L. Bryan as Designated Escrow Agent, is requiredto Bid at the Auction.
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