2321 Atlantic Ave | Virginia Beach, VA 23451
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- LoopNet Team
2321 Atlantic Ave
Virginia Beach, VA 23451
Comfort Suites Beachfront Virginia Beach · Hospitality Property For Sale
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101,433 SF
INVESTMENT HIGHLIGHTS
- Irreplaceable oceanfront location with direct beach access offered at a significant discount to replacement cost and recent comparable sales.
- Branding optionality with minimal required liquidated damages.
- Institutional-level RevPAR market (+$120 for the comp set) with aspirational comp set upside and minimal new supply.
- Fee simple, non-union, and unencumbered of management.
- 11-story, concrete and steel hotel, with a superior, all-double suite, ocean-facing product offering, structured parking, and diverse amenity base.
- East Coast leisure hub with a diverse demand profile and multi-billion-dollar construction pipeline including $350MM Atlantic Park Wave Pool.
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 101,433 SF |
| Type of Ownership | Fee Simple | No. Stories | 13 |
| Property Type | Hospitality | Year Built/Renovated | 1984/2014 |
| Property Subtype | Hotel | Parking Ratio | 0.14/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.55 AC | Parcel Number | 2427-19-3590 |
| Zoning | OR | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.55 AC |
| Building Size | 101,433 SF |
| No. Stories | 13 |
| Year Built/Renovated | 1984/2014 |
| Parking Ratio | 0.14/1,000 SF |
| Corridor | Exterior |
| Zoning | OR |
| Parcel Number | 2427-19-3590 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Beach (direct access)
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
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