Commercial ()

702 North Beaver Dam Ave, Damascus, VA 24236

Stories: 2.5

Price: $1,400,000 Price Per ft²: $257.35 List Date: 2024-07-18 DOM: 51
City Tax: $1,472 County Tax: $1,919

Year Built: 2007

Finished Area: 5,440 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 5,440 ft² (Finished & Unfinished)

Lot Size: 0.38 acre(s) Lot Dimensions: .38 ac Road Frontage: 322ft

Heating: Heat Pump, Other Cooling: Heat Pump, Other, Wall Unit(s) Water & Sewage: Public

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!