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Red Lantern Inn 314 Jefferson Ave 8 Room Hotel Clifton Forge, VA 24422 $435,000 ($54,375/Room)
Investment Highlights
- Restored historic property dating to 1922, featuring 7 guest rooms and 4.5 baths.
- Architectural details include hardwood flooring, cathedral ceilings, and welcoming common spaces.
- Access to outdoor recreation hubs such as Douthat State Park and local rivers.
- Turn-key business currently operating as a boutique inn with established clientele.
- Set in downtown Clifton Forge with proximity to theaters, museums, shops, and restaurants.
- Significant investment potential as a hospitality asset, unique residence, or specialty retreat space.
Executive Summary
314 Jefferson Avenue offers a rare opportunity to acquire a beautifully restored, century-old property situated in the heart of historic downtown Clifton Forge. Currently operating as The Red Lantern Inn, this seven-bedroom, 4.5-bath property spans 3,852 square feet across two stories and combines classic architectural character with modern functionality. Featuring hardwood floors, cathedral ceilings, and welcoming communal areas, the residence provides an elegant backdrop for a variety of uses, including a boutique inn, unique lodging experience, or an expansive private residence enhanced with guest accommodations.
Positioned steps away from cultural attractions such as the C&O Railway Heritage Center and the Historic Masonic Theatre, the property also offers convenient access to dining, shopping, and recreational destinations including Douthat State Park as well as nearby scenic rivers. This exceptional Alleghany Highlands location attracts consistent visitor demand thanks to its natural beauty and growing tourism profile. ample on-site parking complements the property’s business potential. Whether continuing its profitable hospitality operation or reimagining the property as a custom residence or mixed-use concept, this listing represents an extraordinary blend of lifestyle, business, and heritage in Virginia’s mountains.
Positioned steps away from cultural attractions such as the C&O Railway Heritage Center and the Historic Masonic Theatre, the property also offers convenient access to dining, shopping, and recreational destinations including Douthat State Park as well as nearby scenic rivers. This exceptional Alleghany Highlands location attracts consistent visitor demand thanks to its natural beauty and growing tourism profile. ample on-site parking complements the property’s business potential. Whether continuing its profitable hospitality operation or reimagining the property as a custom residence or mixed-use concept, this listing represents an extraordinary blend of lifestyle, business, and heritage in Virginia’s mountains.
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- Market Information
Property Facts
| Price | $435,000 | Lot Size | 0.09 AC |
| Price Per Room | $54,375 | Building Size | 3,852 SF |
| Sale Type | Investment | No. Rooms | 8 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1922/2010 |
| Property Subtype | Hotel | Parking Ratio | 0.75/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $435,000 |
| Price Per Room | $54,375 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,852 SF |
| No. Rooms | 8 |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2010 |
| Parking Ratio | 0.75/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 314 JEFFERSON AVE , CLIFTON FORGE, VA 24422
314 Jefferson Avenue in Clifton Forge, Virginia, is a two-story structure built in 1922. It sits within the Alleghany Highlands region near regional attractions and cultural destinations. The property contains multiple bedrooms and baths, with on-site parking. Utilities include public water and sewer.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $130.00 | - |
| Guest Room | 7 | $117.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12300-01-007-0060 | Improvements Assessment | $252,500 |
| Land Assessment | $21,000 | Total Assessment | $273,500 |
Property Taxes
Parcel Number
12300-01-007-0060
Land Assessment
$21,000
Improvements Assessment
$252,500
Total Assessment
$273,500
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Red Lantern Inn | 314 Jefferson Ave
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