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702 North Beaver Dam Avenue, Damascus, VA 24236 - $995,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sub Type: MLS Number: 9968802
Living Area: 5,440 Lot Acreage: 0 Year Built: 2007
Elementary School: Middle School: High School:
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!
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    AC:Other5true
    AC:Wall Unit(s)true
    Business Type:HotelMotel2true
    Business Type:Residential2true
    Business Type:See Remarks33true
    Contract Info:ForeclosureNo
    Development Status:Finished Lot(s)true
    Electric Service:220 Voltstrue
    Electric Service:Other34true
    Exterior Finish:Wood Sidingtrue
    General Property Description:# Parking Spaces10
    General Property Description:# Restrooms10
    General Property Description:Acres0.38
    General Property Description:Annual Lease105101.79
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2.38 ac
    General Property Description:Road Frontage Length322
    General Property Description:Stories32.5
    General Property Description:Total SqFt Finished5440.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning20
    Heating:Heat Pump2true
    Heating:Other12true
    Info Available:Aerialtrue
    Info Available:Floor Plantrue
    Info Available:ProfitLoss Statementtrue
    Location Tax Legal Info:City Taxes1471.54
    Location Tax Legal Info:County Taxes1919.4
    Location Tax Legal Info:Deed Book #14
    Location Tax Legal Info:Deed Page #3405
    Other Equipment:Cable TV2true
    Other Equipment:Dishwasher2true
    Other Equipment:Dryer2true
    Other Equipment:Furnituretrue
    Other Equipment:Gas Grilltrue
    Other Equipment:Other39true
    Other Equipment:Range2true
    Other Equipment:Refrigerator2true
    Other Equipment:See Remarks38true
    Other Equipment:Smoke Detector(s)2true
    Other Equipment:Washer2true
    Property Condition:Above Averagetrue
    Property Condition:UpdatedRemodeledtrue
    Remarks Misc:Directions3I-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.
    Remarks Misc:Public Remarks2Amazing 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!
    Restrictions:Other37true
    Road Access:Highwaytrue
    Road Access:See Remarks32true
    Roof:Shingletrue
    Sale Includes:Fee Simpletrue
    Sale Includes:See Remarks35true
    Sewer:Public Sewertrue
    Utilities:Cable Availabletrue
    Utilities:Cable Connected3true
    Utilities:Electricity Connectedtrue
    Utilities:Propane5true
    Utilities:Sewer Connectedtrue
    Utilities:Water Connectedtrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Matt Smith Realty
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