For Sale
$3,300,000

8400 Lee Hwy Raphine, VA 24472

Historic Inn & Cabins, Shenandoah Valley

Overview

Added:
Dec 11, 2024
Days on market:
134
Steeles Tavern Manor, a profitable hospitality investment, presents a unique blend of historic charm and modern amenities. This 8,900 square foot property, situated on 51 acres in Raphine, Virginia (24472), boasts six buildings, including a beautifully renovated 1916 manor house and five contemporary cabins, all built or renovated in 2021. The main house features five rooms operating as a traditional bed and breakfast, complete with daily breakfast service. The five cabins offer guests private outdoor hot tubs and the option of breakfast delivery. All guests enjoy access to common areas. A recently refurbished on-site spa provides additional revenue streams, along with various up-sell packages. The property benefits from a convenient location, close to the Blue Ridge Parkway and I-81/64, attracting both transient and destination travelers. Currently, the cabins and manor utilize cross-linked websites and a shared property management system. Thirty acres are currently leased for agricultural use, leaving ample room for future expansion on the rolling hills of this expansive property. This turnkey operation offers excellent cash flow and strong profit potential, making it an ideal investment-grade opportunity. Detailed financial information is available upon request and the signing of a non-disclosure agreement. The property includes 10 keys and 10 beds.

Highlights

  • Historic 8,900 SF manor house & 5 contemporary cabins on 51 acres in Raphine, VA (24472).
  • Six buildings total, including a renovated 1916 manor house (5-room B&B) and 5 cabins (built/renovated 2021), each with a private hot tub.
  • On-site spa generates additional revenue.
  • Convenient location near Blue Ridge Parkway & I-81/64.
  • Turnkey operation with strong cash flow and expansion potential (30 acres currently leased for agriculture).
  • 10 keys, 10 beds.

Property Details for 8400 Lee Hwy

Property type
Hospitality properties, Hotels
Square Feet
8,900 SF
Year Renovated
2021
Buildings
6
Stories
2
Lot Size (sq. ft)
2,221,560 SF

Location Insight

City
Raphine
County
Rockbridge
State
Virginia
Latitude
37.923770568254
Longitude
-79.203633478415

FAQs

What type of property is this?
Hospitality property - Historic Inn & Cabins, Shenandoah Valley
Where is the hospitality property located?
The property is located at 8400 Lee Hwy Raphine, VA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Historic 8,900 SF manor house & 5 contemporary cabins on 51 acres in Raphine, VA (24472).; Six buildings total, including a renovated 1916 manor house (5-room B&B) and 5 cabins (built/renovated 2021), each with a private hot tub.; On-site spa generates additional revenue.
How can I contact the broker?
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8400 Lee Hwy
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