Cottages of LexingtonLexington, Virginia
- Main 434-286-4600
- Office 434-286-4600
Just a couple of miles from downtown Lexington, Virginia sits a marvelous hospitality property with great business and lifestyle potential. The Cottages of Lexington is comprised of three upscale rustic cottages on a private, 39 acre parcel of land.
Each of the three cottages is designed with guest comfort in mind. Two, which measure about 675 square feet, are open great rooms with combined kitchen, living, and sleeping areas with double whirlpool and separate full baths. The third cottage of about 750 square feet has a living/dining/kitchen area, bedroom, bath, and separate double Jacuzzi room. All three have front porches, private side or rear decks, are fully equipped, have wood burning fireplaces, telephones, satellite TV, and grills.
The property is complemented by a spacious barn/garage with an overabundance of storage. The intent of the owners was to build their retirement home on a private interior site with dramatic mountain views, but they are opting instead to leave that opportunity to a future owner.
Priced largely on asset value, the Cottages of Lexington generate a solid revenue with minimal labor and overhead, allowing for free time to pursue other interests and a high margin lodging income from the three cottages.
Listing Price: $499,000