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By the Side of the Road Inn & Cottages 491 Garbers Church Rd 9 Room Hotel Harrisonburg, VA 22801 $1,800,000 ($200,000/Room)
Investment Highlights
- Consistent year-over-year revenue growth
- College Town - 3 Nearby Universities including James Madison University
- Potential to Expand Operation to 9 Guest Accommodations
- Multiple Accommodation Types & Opportunities for Future Growth
- 4.9-5 Star Rating across google, airbnb, vrbo, booking.com and tripadvisor
- 27+ Year History as an Established Hospitality Property
Executive Summary
TURNKEY BOUTIQUE INN INVESTMENT OPPORTUNITY – HARRISONBURG, VA
Rare opportunity to acquire an established boutique inn just 1.5 miles from downtown Harrisonburg and minutes from James Madison University. Situated on approximately 1.64 acres, the offering includes a beautifully renovated historic Main House, three private cottages, seven established guest accommodations, an innkeeper’s apartment, and a three-car garage. A Special Use Permit allows for continued hospitality operations.
The historic Main House underwent extensive renovations and reopened in May 2023, with substantial additional improvements and upgrades completed throughout the property since that time. The result is a distinctive, well-established hospitality property positioned for continued operation with opportunities for future growth.
The Inn has a long operating history and has demonstrated consistent year-over-year revenue growth, providing a new owner with an established business, existing infrastructure, and a strong foundation from which to build. Detailed historical financial information is available to qualified purchasers.
Additional Expansion Opportunity: The seller intends to retain an adjoining property containing two additional established guest accommodations. The seller may consider a lease arrangement allowing the purchaser to continue operating these accommodations as part of the Inn, creating the potential to operate up to nine guest accommodations without the additional capital investment required to purchase the adjoining real estate.
The property benefits from proximity to multiple year-round demand generators, including James Madison University, Eastern Mennonite University, Bridgewater College, downtown Harrisonburg, and the broader Shenandoah Valley tourism market.
After more than 27 years as a family-owned hospitality property, this offering presents a unique opportunity to acquire a turnkey lodging business with historic character, multiple accommodation types, established operations, and several paths for future growth.
Financial information available to qualified purchasers. Private tours by appointment. Owner/Agent
Rare opportunity to acquire an established boutique inn just 1.5 miles from downtown Harrisonburg and minutes from James Madison University. Situated on approximately 1.64 acres, the offering includes a beautifully renovated historic Main House, three private cottages, seven established guest accommodations, an innkeeper’s apartment, and a three-car garage. A Special Use Permit allows for continued hospitality operations.
The historic Main House underwent extensive renovations and reopened in May 2023, with substantial additional improvements and upgrades completed throughout the property since that time. The result is a distinctive, well-established hospitality property positioned for continued operation with opportunities for future growth.
The Inn has a long operating history and has demonstrated consistent year-over-year revenue growth, providing a new owner with an established business, existing infrastructure, and a strong foundation from which to build. Detailed historical financial information is available to qualified purchasers.
Additional Expansion Opportunity: The seller intends to retain an adjoining property containing two additional established guest accommodations. The seller may consider a lease arrangement allowing the purchaser to continue operating these accommodations as part of the Inn, creating the potential to operate up to nine guest accommodations without the additional capital investment required to purchase the adjoining real estate.
The property benefits from proximity to multiple year-round demand generators, including James Madison University, Eastern Mennonite University, Bridgewater College, downtown Harrisonburg, and the broader Shenandoah Valley tourism market.
After more than 27 years as a family-owned hospitality property, this offering presents a unique opportunity to acquire a turnkey lodging business with historic character, multiple accommodation types, established operations, and several paths for future growth.
Financial information available to qualified purchasers. Private tours by appointment. Owner/Agent
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $249.00 | - |
| Guest Room | 2 | $219.00 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 123-O-3 | Improvements Assessment | $1,859,700 |
| Land Assessment | $195,200 | Total Assessment | $2,054,900 |
Property Taxes
Parcel Number
123-O-3
Land Assessment
$195,200
Improvements Assessment
$1,859,700
Total Assessment
$2,054,900
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By the Side of the Road Inn & Cottages | 491 Garbers Church Rd