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The Red Lantern Inn 314 Jefferson Ave 7 Room Hotel Clifton Forge, VA 24422 $435,000 ($62,143/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
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.
Data Room Click Here to Access
- Market Information
Property Facts
| Price | $435,000 | Lot Size | 0.08 AC |
| Price Per Room | $62,143 | Building Size | 3,852 SF |
| Sale Type | Investment | No. Rooms | 7 |
| 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 |
| Zoning | CFBG | ||
| Price | $435,000 |
| Price Per Room | $62,143 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,852 SF |
| No. Rooms | 7 |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2010 |
| Parking Ratio | 0.75/1,000 SF |
| Corridor | Interior |
| Zoning | CFBG |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 314 JEFFERSON AVE , CLIFTON FORGE, VA 24422
The property offers generously sized common areas, a fully equipped kitchen, a charming sunroom, and hardwood finishes that enhance its historic allure. Guests and owners alike enjoy outdoor living spaces including a front porch and covered patio for seasonal relaxation. Situated just steps from Clifton Forge’s cultural landmarks such as the C&O Railway Heritage Center and the Historic Masonic Theatre, as well as downtown dining and shopping, the location supports both hospitality and lifestyle demand. Recreation options abound with Douthat State Park and the Cowpasture and Jackson Rivers in close proximity, making this property ideal for travelers seeking authentic experiences in Virginia’s scenic Alleghany Highlands. With a strong reputation and repeat clientele, this property offers both income potential and historical significance. Whether continuing its profitable operation as an inn, creating a boutique hospitality concept, or enjoying it as a distinctive personal residence, this asset presents lasting value in a sought-after market.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $130.00 | - |
| Guest Room | 6 | $117.00 | - |
Property Taxes
| Parcel Number | 12300-01-007-0060 | Improvements Assessment | $252,500 |
| Land Assessment | $21,000 | Total Assessment | $273,500 |
Property Taxes
Presented by
The Red Lantern Inn | 314 Jefferson Ave
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