60-Unit Motel
For Sale
$675,000
1025 W Pointe Village Drive, Grundy, VA 24614
COMMERCIAL - Grundy, VA
Property Size14,700 SF
Lot Size22.80 Acres
Price / SF$45.92
Days on Market141
Property Features for 1025 W Pointe Village Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Directions
From Lovers Gap road in Grundy, turn on Riverside Drive. Left on Hoot Owl. Sharp righto n West Pointe Village Drive. No sign. GPS friendly
Subdivision
507 - Buchanan County
Standard status
Active
APN
2hh182242
Size
14,700 SF
Lot size
22.80 Acres
Taxes and HOA fees
Tax Annual Amount
2904
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2005
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Path Real Estate LLC
(423) 377-0577
Listed By:
Sarah Sawyers · License #333616
(276) 698-8651
Added: Mar 25
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
MLS# 9992829
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 14,700-square-foot motel property occupies 22.8 acres in Grundy, Virginia. The operation includes 15 mobile homes arranged as 60 separate rental units, with a private bathroom provided for every unit. The existing setup supports nightly and short-term occupancy, while the configuration can also accommodate mid-term and long-term rental terms.
Constructed in 2005, the property has vinyl siding, metal roofing, heat-pump heating and cooling, public water, and public sewer. Its COM zoning and established rental layout support the current hospitality use. The property is positioned in a market described as having ongoing housing demand associated with nearby law and medical schools, with the existing layout also identified for workforce housing and extended-stay applications.
Constructed in 2005, the property has vinyl siding, metal roofing, heat-pump heating and cooling, public water, and public sewer. Its COM zoning and established rental layout support the current hospitality use. The property is positioned in a market described as having ongoing housing demand associated with nearby law and medical schools, with the existing layout also identified for workforce housing and extended-stay applications.
Key Highlights
- 15 mobile homes configured as 60 separate rental units
- Private bathroom included in every rental unit
- 22.8‑acre property with 14,700 square feet of improvements
Property Analytics
Property Profile
Current Use
Lease Details
60
Residential units
Location Intelligence
Trade Area within ½ mile
2
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Multiple private-bath rental units are configured for nightly, mid-term, and long-term stays.
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: 15 mobile homes configured as 60 separate rental units; Private bathroom included in every rental unit; 22.8‑acre property with 14,700 square feet of improvements
