702 N Beaver Dam Ave - Hospitality FOR SALE


Damascus, VA 24236
$995,000 USD
276-477-1500
702 N Beaver Dam Ave, Damascus, VA for Sale
$995,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

702 N Beaver Dam Ave
Damascus, VA 24236


HIGHLIGHTS

  • Nature capital for tourists
  • Located on the Appalachian Trail & Laurel Creek
  • Potential income unlimited with modified uses.

OVERVIEW

Amazing building of over 5000 sq ft and situated on the Creeper Trail and Laurel Creek!! Locations like this do not come along very often, so this is a rare opportunity! The closest entrance to the Creeper Trail is just a short distance to add to its desirability. Currently, the Virginia Creeper Lodge offers the best of many investment worlds. The main level consists of one 2-bedroom unit currently rented at $850/mo and three studio units. Two of the studios are actively rented for $750 and the 3rd will be filled for this amount as of August 1. The rear of the main level offers a private, covered deck for relaxation and access to the community laundry room. Photos offer pics of a studio unit which has been virtually staged & the two bedroom. Unlimited options with this main level. They could continue to be month to month rentals or market as lodging suites. Maybe live and operate on site to maximize revenue. Minimal modifications needed to tweak and suite your business model. Upstairs is a massive deck overlooking the Creeper Trail and Laurel Creek. Great for all social occasions and enjoyment of serenity and nature. The main entrance to the lodging units is located here. A large community area for relaxation or TV watching occupies half the area while a full kitchen and oversize custom table is perfect to gather and enjoy a meal or interact with other guests. There are six, double queen rooms for nightly rental options. Each room has more than ample space and large baths for guest comfort. Four of the rooms are on this second level with a beautiful walkway providing access for two additional. Perfect for retreats or group functions!! Being operated as a lodge and rentals for many years but now needs the dedication to take it to the next level. River front properties are a high commodity and this marque building in Damascus offers that rare opportunity for the savvy buyer. Call today for your private viewing to witness all this gem has to offer!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$207 USD /SF

# OF ROOMS

6

PRICE/ROOM

$165,833 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Virginia Creeper Lodge

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2007

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,489 SF

ZONING

-

APN/PARCEL ID

172B1-A-6

ASK ABOUT THIS PROPERTY

Sandra SnadenMatt Smith RealtyMore Info
276-477-1500

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Sandra SnadenMatt Smith RealtyMore Info
276-477-1500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.