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Financial Information
Asking Price: $699,000.00
Terms: Cash
Occupancy Rate: 32.5%
Revenue/Year: $62,000
Average Daily Rate: $174.11
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Links
Realtor's Website Link
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Property Information
Number of Guest Rooms: 3
Number of Guest Room Baths: 3
Property Address:
Lexington, VA
Property Status:
Currently is a B&B 
Owners' Quarters: No
Year Built: 1998
Acreage: 39.00
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, Inn Consultants and Brokers
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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Photo Gallery
Cabin Exterior
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Cottages of Lexington
Lexington, Virginia
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.
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Photo Gallery
Cabin Interior
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Photo Gallery
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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: $699,000
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visitors to this page since July 8, 2008
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