List Search

5708 Northampton Blvd
Virginia Beach, VA 23455 Northwest Virginia Beach

Price Upon Request

Hotel For Sale  •  81,814 SF

Property Details

  • Property Type Hotel
  • Total Building Size 81,814 SF
  • Lot Size 4 AC
  • Building Class B
  • Year Built 1973
  • Tenancy Multiple
  • Zoning H1
28 Transit Score
42 Walk Score

Highlights

Fee-Simple Interest in the Magnuson Hotel Virginia Beach on an Expansive 3.86 Acre Site
Property is Comprised of 162 Total Units | 136 Rentable with Remaining 18 Operating as Storage/Utility Space and 8 Offline
Among the Best Corner Lots in Virginia Beach | 3.86-Acres at the Intersection of Northampton Blvd (54,833 VPD) and Diamond Springs Rd (28, 266 VPD)
Significant Rooms Revenue Upside Through Renovation and/or Rebranding | $24.02 Subject Property RevPAR versus $37.58 Market RevPAR (64% PI)
Property Achieved Rooms Revenue of Only ~$1,300,000 in 2024 ($24.02 RevPAR) | Property has Potential to Achieve Rooms Revenue of ~$2,000,000

Amenities

  • Business Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi

Public Transportation

Commuter RailDriveWalkDistance
Norfolk (Northeast Regional - Amtrak) 13 min - 6.5 mi
AirportDriveWalkDistance
Norfolk International 10 min - 4.4 mi
Newport News/Williamsburg International 45 min - 29.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 168
Type: Surface
Included in Rent: Yes
Prashant Merchant 757-589-6954 Colliers | Virginia
Prashant Merchant 757-589-6954 Colliers | Virginia