days inn - 12208 south crater road, petersburg...

5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com

STEVE [email protected]

ABE [email protected]

OFFERING SUMMARY

Opening Bid: $1,500,000

Lot Size: 3.83 Acres

Year Built: 1987

Building Size: 46,991 SF

Renovated: 1996

Market: Petersburg

Submarket: Richmond

County Prince George

Taxes (2017): $34,000

PROPERTY HIGHLIGHTS

• 155-room Exterior Corridor Hotel

• Ample Parking

• Turnkey Property

• Excellent Access & Visibility from I-95

• Traffic Count; I-95 / S. Crater Road: 40,000 VPD

FORECLOSURE AUCTION: APRIL 19DAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA




LOCATION MAPSDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA




ADDITIONAL PHOTOSDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA




POPULATION 1 MILE 5 MILES 10 MILES

Total population 386 19,804 120,511

Median age 42.1 40.1 37.1

Median age (male) 41.9 40.5 35.8

Median age (Female) 43.8 41.3 38.9

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 135 7,351 41,856

# of persons per HH 2.9 2.7 2.9

Average HH income $75,825 $64,530 $56,098

Average house value $189,085 $182,286 $169,862

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAPDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA




RETAILER MAPDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA




LOCAL INFORMATION

Founded 1748, Petersburg VA is a premier community of 32,477people, that is well positioned 37 miles south of Richmond, and 33miles south of the Richmond International Airport. Petersburg is atransportation hub, with nearby highways including Interstate 85,Interstate 95, Interstate 295, US Highway 1, US Highway 301, USHighway 460, as well as railroad supported by CSX and NS.

Home to Fort Lee, Petersburg has a very healthy military andArmed Services population, with the site acting as a major UnitedStates Army Headquarters and Post. Downtown Petersburg, knownas Old Towne, boasts a great community of restaurants, theaters,breweries, bars, and galleries. Playing an important role in the CivilWar, history is an important part of Petersburg, as there are manymuseums, re-enactments, tours, historic sites, and activities thatcover a range of important events in the history of the UnitedStates.

Accommodation and food service are among the largest industriesin Petersburg, followed by Health Care, Waste Management,Construction, and Retail. Petersburg is home to several universitiesand higher learning facilities including John Tyler CommunityCollege, Richard Bland College, and Virginia State University. Witha great location and a rich history, Petersburg is an outstandingenvironment to live, work and play.

TERMS OF SALE

AUCTION DATE: April 19 - 1:00 PM. The property will be offeredvia open public bid conducted on-site at 12208 S. Crater Road,Petersburg, VA. Registration will start at 11:00 AM and the auctionwill commence at 1:00 PM.

ON-SITE INSPECTIONS: Inspections can be done at your leisure.

EARNEST MONEY DEPOSIT: Certified funds in the amount of$50,000, as an initial down payment is required to bid at theauction. Checks are to be made payable to Hilco Real Estate. Nothird party checks will be accepted. Upon the Seller's acceptanceof the Purchase and Sale Agreement, the check will be depositedas earnest money. Closing to be 14 days after the auction.

DUE DILIGENCE INFORMATION: A Virtual Data Room has been setup and contains important due diligence information on theproperty. To gain access, buyers must register for an accountat www.hilcorealestate.com.

BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to theHigh Bid. BROKER PARTICIPATION INVITED: A co-op fee of 3%will be paid to the REALTOR®/Broker whose registered buyercloses on the property offered as part of this sale.

LOCAL INFORMATIONDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA

days inn - 12208 south crater road, petersburg...

Documents