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Financial Information
Asking Price: $965,000.00
Terms: Cash. Owner financing available for qualified purchaser.
Occupancy Rate: (was 65%)
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Links
Inn's Website Link
Realtor's Website Link
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Property Information
Number of Guest Rooms: 8
Number of Guest Room Baths: 10
Property Address:
401 Clay St. SW 
Property Status: Currently is a B&B
Owners' Quarters: Yes 
Year Built: 1929 
Acreage: 0.50
Restaurant: No 
Natl. Register of Historic Places: No
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Point at the marks above for more details.
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Contact Information
Peter Scherman
The B&B Team, Inc.
P.O. Box 399
Scottsville, VA 24590
Email - bbteam@bbteam.com
(434) 286-4600 - Phone #
(434) 286-4600 - Office #
Listing Type - Realtor
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BBOnline.com is not a broker or agent for this property. All of the information displayed has been provided by the owner/innkeeper/realtor.
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Clay Corner Inn
Blacksburg, Virginia
B&B in fabulous location seeks new owner to reap the rewards of ownership!
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Pool View
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Hit the ground running! Clay Corner Inn Bed & Breakfast, located a block from the Virginia Tech campus in Blacksburg, is running full steam! Operated very successfully for several years by the current owners, the B&B was closed in 2004 for tax and family reasons. Not wishing to leave the property as a non-producing asset, the owners updated and re-furnished the B&B and are again demonstrating how a superior location, a proven operating model, and a flexible facility can make money in the small lodging industry.
With up to eight guest rooms plus owner’s quarters, in-ground pool, and commercial kitchen Clay Corner Inn is a viable property. There are five traditional guest rooms with private baths, three two-bedroom suites with baths, and extended stay potential with two guest kitchens. The inn’s website has remained active for many years - strong Google ranking. The B&B has maintained its license continuously and has a restaurant license.
Since it was reopened in 2008 and does not have a long recent track record, the owners are willing to consider owner financing the sale to a strong buyer with a solid down payment for 2-3 years. This will give you the opportunity to build your business to a point where you can refinance with a commercial bank.
If being in a wonderful college town in a beautiful corner of Virginia sounds appealing, and you’d like the chance to build your own hospitality business on the foundation of a very successful history, please inquire with Peter Scherman.
Clay Corner Inn is offered turnkey for: $965,000
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visitors to this page since July 19, 2007
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