Building Details

Year built 2005

Building materials Vinyl Siding

Roof type Metal

Listing Agency: Path Real Estate LLC Show Phone

Listed By: Sarah Sawyers · License #333616 Show Phone

Added: Mar 25 Changed: Sep 8 Last Checked: Oct 1 at 9:06PM

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MLS# 9992829

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Investment Insights

Based on property information with market context.

This motel property includes 15 mobile homes converted into 4 rental units each, creating 60 units within a 14,700-square-foot operation. Every unit has a private bathroom, and the property is configured for nightly, short-term, mid-term, and long-term occupancy. Built in 2005, the improvements feature vinyl siding, metal roofing, heat pump heating and cooling, public water, and public sewer.

The property encompasses 22.8 acres in Grundy, Virginia, and is currently operating with positive cash flow. Its existing configuration supports lodging and rental use, while the source information also identifies potential applications including student housing, workforce housing, and extended-stay accommodations. Nearby law and medical schools contribute to consistent housing demand in the market.

Key Highlights

• 60 total rental units across 15 mobile homes, with 4 units per mobile home
• 14,700 square feet of property improvements on 22.8 acres
• Private bathroom included with every unit

Property Analytics

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Current Use

Motels

Lease Details

60

Residential units

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 24614, VA

7,252

Population

3,680

Households

2

Avg Household Size

47

Median Age

11%

College-Educated

80%

High-School Grad

132.3 sq mi

ZIP Area

55

Density / Sq Mi

$40,000

Median Household Income

$29,479

Median Earnings

$777

Median Rent

$117,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this motels located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Appalachain Inn — 1025 Hoot Owl St, Grundy, VA 24614
• Comfort Inn & Suites — 22006 Riverside Dr, Grundy, VA 24614

Frequently Asked Questions

What type of property is this?

Motel - Established lodging property with private bathrooms and flexible rental options across a substantial Virginia site.

Where is this motel located?

The property is located at 1025 W Pointe Village Drive Grundy, VA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 60 total rental units across 15 mobile homes, with 4 units per mobile home; 14,700 square feet of property improvements on 22.8 acres; Private bathroom included with every unit