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702 Beaver Dam Ave

Damascus, VA 24236
  • $995,000
  • STATUS: Active
  • ON SITE: 142 Days
  • MLS #: 95548
UPDATED: 61 min ago
$995,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,440
    SQFT
  • $183
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

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.

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© 2024 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christy Wood Team | Solutions Real Estate. Data last updated: 2024-12-08T12:11:03.627.
www.christywood.com/homes/152747093
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702 Beaver Dam Ave Damascus, VA 24236

  • Price: $995,000
  • Status: Active
  • On Site: 142 Days
  • Updated: 61 min ago
  • MLS #: 95548
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,440
SQFT
$183
$/SQFT
Neighborhood:
Damascus
County:
Washington-Va
Area:
Damascus
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.
Exterior Features

Building Exterior Wood Siding Exterior Features GuttersParking 10+ Spaces Road Frontage Feet 322 Roof Composition Style Building Free StandingMulti StoryOther-See Remarks

Interior Features

Air Conditioning Central AirHeat PumpMini Split Floors Wood Floors Heating System Central Heat PumpMini SplitOther-See Remarks Interior Features Other-See Remarks

Property Features

Additional Structures None Building Age 17 County Taxes 1919.40 Current Use Motel/HotelOther Equipment Leased None Equipment Trade Fixtures hotel furnishingsappliancesoutdoor furnishings Gross Income 105101.79 Lot Number 0 Net Income 39877.90 Property Description Located in City LimitsLocated in County Property Type Commercial Other Sewer Public Sewer Sprinkler System None Tax Map Number 172B1 A 6 Tax Year 2023 Town Taxes 1471.54 Utilities Cable AvailableElectricity ConnectedPhone AvailableOther Water Sewer Public Zoning 0

Listing information © 2024 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Sandra Snaden of Matt Smith Realty: 2764771500.


© 2024 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Christy Wood Team | Solutions Real Estate. Data last updated: 2024-12-08T12:11:03.627.
 
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