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Turnkey Inn Investment in Thriving College Town - Harrisonburg, VA. Seize this rare opportunity to own a beautifully renovated, fully operational inn just 1.5 miles from downtown Harrisonburg. With seven rentable accommodations and an innkeeper's apartment, this 9,456 sq. ft. property offers revenue and room for growth. Listing includes an historic Main House, 3 private cottages, a 3 car garage and a Special Use permit for continued hospitality operations. Property Highlights: Cap Rate: 5%-6%; 7 Rentable Units + Innkeeper's Apartment + 3 Car Garage; Main House Reopened in May 2023 After Extensive Renovations; $185K+ in Upgrades Completed since 2023 - Fully refreshed & ready to go; Prime Location - Close to James Madison University, Bridgewater College, and Eastern Mennonite University; Business Legacy - 26 years as a successful, family-owned business; Turnkey yet customizable - make it your own and scale up! This is a fantastic investment opportunity for those looking to operate a thriving hospitality business in a vibrant college town. Whether you continue its legacy or bring your own vision, the hard work has been done - now it's time to capitalize on the growth. Inquire today for financials and a private tour. Owner/Agent
| DAYS ON MARKET | 1 | LAST UPDATED | 3/11/2025 |
|---|---|---|---|
| TRACT | NA | YEAR BUILT | 1790 |
| COUNTY | HARRISONBURG CITY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | HARRISONBURG CITY PUBLIC SCHOOLS |
|---|---|
| Jr. High School | THOMAS HARRISON |
| High School | HARRISONBURG |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Heat Pump, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Tankless Water Heater |
| CONSTRUCTION | Brick, Brick Veneer, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Electric, Heat Pump, Propane, Zoned |
| LOT | 1.64 acre(s) |
| PARKING | Paved, Garage, Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | NA |
| TAXES | 20755 |
| UTILITIES | Cable Available, Underground Utilities, Propane |
| WATER | Public |
| ZONING | Residential Zoning with Special Use Permit (conveys) allows up to 10 units. |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Nest Realty Harrisonburg
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