702 3rd Ave, Marlinton, Wv 24954 (MLS# 21-1379)
$275,000
Marlinton, Wv 24954
MLS# 21-1379
Status: Closed
11 baths | 4200 sqft

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Property Description
Well established, profitable, turnkey business. This historic Bed & Breakfast began as a hotel servicing rail-riders, salesmen and CCC families. Built in 1924, this well-maintained brick colonial offers 11 guest rooms, 10 guest bathrooms, multiple common areas, large front porch, rear deck & patio. Sitting in Marlinton, this property is centrally located to many area attractions including Cass Scenic Railroad, the Greenbrier River Trail & Snowshoe Mountain Ski Resort. With tourism being the #1 industry in the county, this guest house is sure to continue its reign as the oldest continually operating accommodation in the county (97 years) and the most popular lodging establishment in town. Take advantage of this unique opportunity to live, work & play in West Virginia's beautiful mountains!
Details
Documents
Contract Information
Status Change Date: 2022-05-03
Current Price: $280,000
Sold Price: $280,000
Status: Closed
Sold Date: 2022-05-02
Under Contract Date: 2022-05-02
Location, Tax & Legal
Zoning: Commercial
Taxes: 1777.76
Tax Year: 2021
Map: 1
Parcel: 109
Deed Book: 289
Page: 157
House Number: 702
Street Name: 3rd Ave
State/Province: Wv
Postal Code: 24954
County: Pocahontas
Area: Marlinton Corp
General Property Description
Realtor.COM Type: Commercial
Construction Type: Site-built (Stick)
Lot Size: 54x120
Style: B & B
SqFt. 1 Main: 2100
Garage Type: None
Total Rooms: 18
Total Bathrooms: 11
Year Built: 1924
Total SqFt.: 4200
Property Remarks
Directions: Heading East into Town of Marlinton, go to 2nd red light and turn left. Travel to first stop sign and property is on your left.
Hot Sheet Comment: new
Exterior
Brick: 1
Foundation
Block: 1
Roofing
Shingle: 1
Utilities
Water: City
Sewer: City
Property Features
Exterior: Brick
Foundation: Block
Roofing: Shingle
Supplements
" Work from home and let the business cover your living expenses.
" Sits on two lots one block from Main Street downtown.
" Host travelers from across the country & around the world.
" Desirable 'in-town' lodging
" Over the past 17 years, current owners have transformed the inn from a hobby business into the most popular lodging establishment in town.
" It is conveniently located off the main street in a quaint small town with full services.
" Year-round clientele (motorcyclists, bicyclists, skiers, hikers, sightseers, businessmen, outdoorsmen, salesmen)
" Significant percentage of business comes from repeat customers and referrals.
" Owners' living area located on 3rd floor.
" Renovations have been extensive and ongoing.
" Facility has been consistently maintained inside and out.
MARKETING
Listed in state travel guide, Greenbrier River Trail Association, GBRT State Park, Trip Advisor, Google Business, other online listings and Pocahontas County CVB. Primary advertising focus has been development of website and word-of-mouth by guests. Worked closely with the Visitor's Bureau which has proven consistently and increasingly beneficial to the business. Recent successful strategies have focused on prime location and overall value to consumer.
GENERAL INFORMATION
Turn-key business includes real estate, appliances, furnishings and supplies. Personal items, items which would reasonably be assumed a homeowner already possesses and other items not critical to the operation of the business not included in sale.
Owners will train and would consider staying on temporarily as employees
No lease option or owner financing
ADDITIONAL INFORMATION
Detailed information including physical address, P&L, photos, floor plan, inventory list, tax records, company accountant, etc. will be available for serious inquiries. Confidentiality Agreement and either Buyers Financial Disclosure or bank pre-approval will be required prior to release of detailed information.
Listing Office: RE/MAX LIFESTYLE REALTY
Last Updated: August - 29 - 2024
The data relating to real estate on this web site comes in part from the Broker Data Sharing Program of the Greenbrier Valley Multiple Listing Service of Greenbrier Valley Board of Realtors.
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