703-888-6578
2321 Atlantic Ave, Virginia Beach, VA for Sale
Hospitality - FOR SALE
1/24
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2321 Atlantic Ave
Virginia Beach, VA 23451
Northeast Virginia Beach


HIGHLIGHTS

  • Irreplaceable oceanfront location with direct beach access offered at a significant discount to replacement cost and recent comparable sales.
  • Fee simple, non-union, and unencumbered of management.
  • Branding optionality with minimal required liquidated damages.
  • 11-story, concrete and steel hotel, with a superior, all-double suite, ocean-facing product offering, structured parking, and diverse amenity base.
  • Institutional-level RevPAR market (+$120 for the comp set) with aspirational comp set upside and minimal new supply.
  • East Coast leisure hub with a diverse demand profile and multi-billion-dollar construction pipeline including $350MM Atlantic Park Wave Pool.

FOR SALE DETAILS

PRICE

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# OF ROOMS

108

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Beachfront Virginia Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

11

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1984

PARKING SPACES

108

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,754 SF

ZONING

37

APN/PARCEL ID

2427-19-3590

ASK ABOUT THIS PROPERTY

Kyle StevensonBerkadia Investment ServicesMore Info
703-888-6578

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Kyle StevensonBerkadia Investment ServicesMore Info
703-888-6578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.