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Mumford Company | Trusted Hotel Advisors Since 1978

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UNDER CONTRACT
Natural Bridge Historic Hotel & Conference Center – 15 Appledore Ln, Natural Bridge, VA, 24578

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Price: $4,900,000
Address: 15 Appledore Lane
City: Natural Bridge
State: VA
ZIP: 24578
Rooms #: 152
Rooms #: 152
Square Feet:
Bedrooms:
Bathrooms:
Basement:

Additional Features:

  • Property includes additional cabins and cottages
  • Multiple revenue generators on site
  • Proximate to Washington and Lee University and Virginia Military Institute
  • Potential redevelopment of business model could yield increased profitability
  • Property lies within 302-acre Natural Bridge Historic District, and historic tax credits may be available for renovation costs
  • The 152-room hotel has made a number of notable upgrades. A major guest room renovation in the Main Hotel features upgraded bedding, queen beds, mini fridges, in-room coffee makers, and flat screen televisions. Some public spaces have been redesigned, and it includes exterior upgrades.
  • Taylor House has been converted into a fully equipped 5-bedroom Villa. This villa will also be marketed on AirBnB.

Location/Market

  • Rockbridge County is at the intersection of Interstates 64 & 81
  • Within walking distance of Natural Bridge State Park & Drama of Creation
  • Adjacent to The Caverns at Natural Bridge
  • Proximate to Downtown Lexington, Washington & Lee University, and Virginia Military University
  • Close to Regional Demand Generators
    • 1.3 Miles to Natural Bridge Zoo
    • 1.3 Miles to Dinosaur Kingdom II
    • 5.1 Miles to Virginia Safari Park
    • 13.6 Miles to Virginia Military Institute
    • 14 Miles to Washington & Lee University
    • 16.2 Miles to Virginia Horse Center

Physical Plant

  • 25.55 Acres Zoned B-1 (with ±5 Acres Zoned A-2)
  • 3-Story (+ Basement) Main Hotel Building (90 Rooms, Interior Corridor)
  • Hotel Annex (30 Rooms, Exterior Corridor)
  • Colonial Dining Room (Seats ±150)
  • Red Fox Tavern (Seats ±50)
  •  2-Story Washington Meeting Annex
  • 1-Story Washington Hall
  • Sundry Shop
  • Asphalt Parking Lot
  • Wireless Internet
  • 28.74 Acres zoned B-1
  • Eight Single-Story, Exterior Corridor Cottages (32 Rooms)
  • Wireless Internet

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Financials

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