147 Saddle LnWaverly, WV 26184

For Sale
$1,600,000
West Virginia Hospitality Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Property Details for 147 Saddle Ln

Property type
Hospitality properties, Motels
Lot Size (sq. ft)
6,664,680 SF

Location Insight

City
Waverly
County
Wood
State
West Virginia
Latitude
39.2994778
Longitude
-81.4004429
147 Saddle Ln, Waverly, West Virginia

FAQs

What type of property is this?
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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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147 Saddle Ln
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