8400 Lee HwyRaphine, VA 24472

Property Details for 8400 Lee Hwy

Lot size

51.00 AC

Property size (Sq ft)

8,900 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

Raphine

County

Rockbridge

State

Virginia

Latitude

37.9238

Longitude

-79.2036

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