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5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [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
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [email protected]
LOCATION MAPSDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [email protected]
ADDITIONAL PHOTOSDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [email protected]
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
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [email protected]
RETAILER MAPDAYS INN - 12208 SOUTH CRATER ROAD, PETERSBURG VA
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
STEVE [email protected]
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