Meredith Manor, a sprawling 153-acre property in Waverly, West Virginia, presents a unique redevelopment opportunity. This expansive estate boasts a 4,511 sq ft main house featuring 3 bedrooms, 2.5 baths, an eat-in kitchen, dining room, office, gym, and a 4-car garage with 2 RV garages. Beyond the main residence lies a substantial complex ideal for hospitality or equestrian uses. The property includes 100 beds distributed across a main dorm (requiring approximately $45,000 in roof and interior repairs), a secondary dorm, and 10 modified shipping containers equipped for housing. Operational support buildings include a cafeteria with a commercial kitchen (100-person capacity), an administrative office with multiple private offices and a viewing room, and an additional office trailer. Extensive equestrian facilities are a key feature, encompassing 150 stables, 9 equipped barns (including farrier and therapy spaces), and 7 indoor arenas totaling approximately 3.8 acres. The property also includes multiple storage sheds, city water and gas, and an on-site sewage plant. Five commercial generators are on-site, though one is inoperable. Access is convenient via three entrances from SR 31S and two from Love Hill Rd. The property's proximity to Parkersburg offers additional advantages. Two additional parcels are available for purchase separately: an 85-acre parcel (partially cleared) for $200,000 and a 2-acre parcel ($350,000) including a well-equipped mechanic shop and paint shop. The asking price for Meredith Manor is $1,600,000. The property is zoned commercial and offers significant potential for various income-generating ventures.
Highlights
Exceptional redevelopment potential: ideal for Airbnb, resort, or equestrian therapy center.
Substantially undervalued; replacement cost exceeds current value by 10x.
Existing barns and buildings are move-in ready.
Strong potential for significant investment income.
Hospitality property - West Virginia Hospitality Redevelopment
Where is the hospitality property located?
The property is located at 147 Saddle Ln Waverly, WV.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Exceptional redevelopment potential: ideal for Airbnb, resort, or equestrian therapy center.; Substantially undervalued; replacement cost exceeds current value by 10x.; Existing barns and buildings are move-in ready.
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Contacts
Mike Nidiffer
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Saddle Ln Waverly, WV 26184
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Saddle Ln Waverly, WV 26184
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147 Saddle Ln
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