Shenandoah Inn and Cabins for Sale
5 rooms and 3 cabins, but you can add 5 more!
Steeles Tavern Inn has been SOLD!
Nestled at the base of the mountains between Lexington and Staunton, VA lies a magnificent 8 guest unit Shenandoah inn and cabins for sale. Sitting on over 50 acres of fields and woods, the main house at Steeles Tavern has five guest rooms, common areas, commercial kitchen, and spacious owner’s quarters. Strategically placed around the land are three luxury cabins.
The five guest rooms and suites in the main inn are all tastefully decorated and furnished, with fireplaces or Franklin stoves, and private baths boasting luxury amenities like whirlpools. This Shenandoah inn and cabins for sale has lovely landscaping, paths meandering the lawns around rock outcroppings, leading to secret and peaceful resting places along the stream. The large spring-fed pond is stocked with fish and anchors the lower part of the property.
There is a fenced, in-ground pool that can be used by the guests or reserved for the owners, however one wishes. But it’s there to enjoy!
There are three cabins spread across the 51 acres. One is near the main house. The other two are accessed by a separate drive and are located at the top of the hill with dramatic views of the Shenandoah Valley. These two are strategically separated to provide the utmost privacy. All three have small but full kitchens, spacious living areas with stone fireplaces, baths with whirlpool tubs, hot tubs on the totally private back porches, satellite TV, WIFI, and even a grill. Many guests never leave, while other enjoy exploring the many attractions in the area near this Shenandoah inn and cabins for sale.
Of significance to note is that Rockbridge County, VA will allow the construction of up to 5 more cabins on the land. With over 50 acres, there are places to site new cabins that will offer the same kind of privacy and features (views!) that the current cabins enjoy.
Guests can drive up to the Blue Ridge Parkway, down to Lexington, the home of Virginia Military Institute and Washington and Lee University. Up I-81 in Staunton is Mary Baldwin University. In all directions there are antique shops, great hiking, awesome views, and easy access to dining and shopping. The inn sits on “old Route 11,” an interesting drive up and down the Shenandoah Valley, and is only a couple of miles from the Interstate (81 & 64). In short, it’s a great location!
The metrics for this inn are excellent with a 9.0% cap rate and 4.9 GRM. If you’ve attended our seminars or know the industry, you’ll recognize that this Shenandoah inn and cabins for sale is priced right.
- Financially Viable
- $1 Million to $2 Million
- Mid Atlantic
- 6 - 10 Rooms
- Bed & Breakfast
- Select Registry
- Water View