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Debby Gibson Real Estate Co.

contactus@debbygibson.com +1(423) 833-7492

$ 995,000

Est. payment -/mo

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Price Dropped by $405K

702 Beaver Dam AVE Damascus, VA 24236

5,440 SqFt

UPDATED:

09/25/2024 08:17 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,440 sqft

Price per Sqft $182

Subdivision Not In Subdivision

MLS Listing ID 9968802

HOA Y/N No

Total Fin. Sqft 5440

Originating Board Tennessee/Virginia Regional MLS

Year Built 2007

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions .38 ac

Property Description

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!

Location

State VA

County Washington

Community Not In Subdivision

Area 0.38

Direction I-81N to Exit 19. Right on Main and continue to bear to the right onto Hwy 58. Continue into the Town of Damascus, property is on the left.

Interior

Heating Heat Pump, Other

Cooling Heat Pump, Wall Unit(s), Other

Equipment Cable TV, Dishwasher, Dryer, Furniture, Gas Grill, Range, Refrigerator, Smoke Detector(s), Washer, Other, See Remarks

Heat Source Heat Pump, Other

Exterior

Utilities Available Cable Available, Cable Connected, Electricity Connected, Propane, Sewer Connected, Water Connected

Roof Type Shingle

Road Frontage Highway, See Remarks

Building

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Others

Senior Community No

Tax ID 172b1 A 6 004213

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Sandra Snaden • Matt Smith Realty

Debby Gibson Real Estate Co.

+1(423) 833-7492

Debby Gibson Real Estate Co.

702 Beaver Dam AVE Damascus, VA 24236

Key Details

Location

Interior

Exterior

Building

Others

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702 Beaver Dam AVE