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700 Monticello Ave
Norfolk, VA 23510 Downtown Norfolk

Price Upon Request

Hotel For Sale  •  211,988 SF

Property Details

• Property Type Hotel
• Total Building Size 211,988 SF
• Lot Size 5.54 AC
• Building Class B
• Year Built 1951
• Tenancy Multiple
• Zoning D-AD

77 Transit Score

89 Walk Score

Highlights

Fee Simple Interest in the 204-Unit, 12-Story, Full-Service Wyndham Garden in Downtown Norfolk, VA

12-Story, 1951-Built, Concrete Hotel with Banquet Space, Restaurant, and Underground Parking

D-AD: Downtown Arts and Design District Zoning Which May Permit a Variety of Alternative Uses Including Multifamily Residential

Renovated in 2024 | Significant Upside to Prospective Purchaser by Leveraging Recent Renovations

75% RevPAR Penetration Index in 2024

Expected to Trade at a Significant Discount to Replacement Cost

Amenities

• Business Center
• Fitness Center
• Pool
• Restaurant
• Room Service
• Shuttle Service
• High Speed Internet Access
• On-Site Bar
• Meeting Event Space
• Wedding Venue
• Public Access Wifi
• Smoke-Free

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	4 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
Monticello (Tide Light Rail - Hampton Roads Transit (HRT))	1 min	7 min	0.4 mi
York Street / Freemason (Tide Light Rail - Hampton Roads Transit (HRT))	2 min	10 min	0.5 mi
Macarthur Square (Tide Light Rail - Hampton Roads Transit (HRT))	2 min	13 min	0.7 mi
Civic Plaza (Tide Light Rail - Hampton Roads Transit (HRT))	2 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Norfolk International	14 min	-	6.6 mi
Newport News/Williamsburg International	41 min	-	28.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	322
Type:	Surface
Included in Rent:	Yes