Hot Springs Victorian Inn Bed and Breakfast for Sale

Hot Springs Victorian Inn Bed and Breakfast for Sale in Hot Springs, VA - #1

Property Address: 8883 Sam Snead Highway
Hot Springs, Virginia 24445
Contact: Dale Lawrence, Owner
Contact Email: dlawrnce_306@yahoo.com
Contact Telephone: 804-836-9720
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://www.facebook.com/hotspringsvictorianinn/
Date Business Established: 06/01/2018
Trade Association Affiliations: Bath County Chamber of Commerce
Financials Verified: Yes

Area Description: Welcome to the Hot Springs Victorian Inn, formerly known as the King’s Victorian Inn, a continuously running Inn since 1989. We are located just one mile from the stately Homestead Resort and only two miles from Garth Newel Chamber Music Center. The totally restored, historic Warm Springs Bath Houses are located just four miles away. You will have ample opportunity to go hiking or fly fishing or even skiing in the wintertime. Guests come to our Inn to enjoy the large quiet rooms and to find their own quiet place. When you are ready to go out, take a hike down Dunn’s Gap Road. Take your appetite for dinner to one of the fine dining restaurants or go gift shopping. If you come with your family or group, you will find the local IGA grocery store has what you need to prepare your own feast right here at the Inn.

Site Description: The Inn is a Victorian-style home built in 1899 with a wrap-around porch that guests enjoy and a semi-circular window turret that extends all the way up one side of the front of the house to the third floor. This main house has one first-floor bedroom with ensuite bathroom, situated adjacent to the home’s main kitchen. There are six guest bedrooms with an additional potential seventh. Three of the four second-floor bedrooms have ensuite bathrooms. The two main bedrooms on the third floor share a bathroom with a potential third bedroom. There is an auxiliary third-floor kitchen that has a refrigerator and stove.

Also included with this property is a cottage (the Honeymoon Cottage) which is directly behind the main house. Up to two guests will be cozy soaking up the heat near the gas fireplace on the first floor in the living room/dining room area. Retire to the second-floor bedroom or sit out on the first or second-floor porch to unwind and gaze out into the large fenced-in backyard.

Structural Description: This Inn, including the Cottage, is on almost 3 acres of land and has 6000 square feet of living area. Each room gives the guest different views of the pastoral surroundings. It is a Victorian home with ten-foot high ceilings on the first two floors.

Offering: Seller offers a 3% commission to the buyer’s agent on the sale of the home. This Inn is being offered at $898,000. Furnishings are negotiable with the right offer. Come see this beautiful Victorian mansion in the mountains of Virginia.

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  • Occupancy: 25%
  • Average Daily Rate (whole Inn): $545
  • Average Daily Rate (Honeymoon cottage – rented separately): $200
  • Income from Room Sales:  approximately $60,000 annually
  • Property Tax: $3500 annually
  • Insurance: $2200 annually
  • Electricity: $400 monthly
  • Water and Sewer: $120 monthly
  • Home Heating Oil: $5000 annually

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