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Income-Producing Motel and Apartments
For Sale
$229,900

1158 Ripley Road, Spencer, WV 25276

COMMERCIAL - Spencer, WV

Lot Size4.40 Acres
Days on Market162

Property Features for 1158 Ripley Road

General Information

Property type Commercial Sale
Property subtype Other
Directions Head toward Locust Ave 266 ft Continue onto US-33 W/Ripley Rd Pass by Dairy Queen Grill & Chill (on the right in 0.8 mi) Destination will be on the right 2.0 mi
Standard status Active
Lot size 4.40 Acres
Listing Agency: Old Fences Realty INC
Listed By: David M. Greenlee · License #0015342
Added: Feb 19 Changed: Jul 28 Last Checked: Jul 31 at 1:06AM
MLS# 11659239

Copyright © 2026 My State MLS. 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 income-producing hospitality property offers a mix of efficiency apartments and motel-style rooms. Public remarks indicate that 2/3 of the buildings have been freshly remodeled, and the property operates with both monthly tenants and VRBO-type rentals. An on-site guest laundry is also included.

The property is located at 1158 Ripley Road in Spencer, West Virginia, along US. 33 in Roane County. Public remarks also note additional land located across the street for potential future commercial pursuits. The total lot size is listed as 4.4 acres.

Key Highlights

  • Income potential from monthly tenants and VRBO rentals.
  • High‑traffic location on US 33.
  • Low vacancy rates due to lack of motels in the county.

Property Analytics

Current Use

La Finca Mexican ... Restaurant

Suggested Use

Top Pick Auto Repair Shop Electrical Service Bakery Building Supply Locksmith Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

338
Businesses Nearby
Under-served
Demand for This Use

Demographics for 25276, WV

7,226
Population
3,940
Households
1.8
Avg Household Size
45
Median Age
15%
College-Educated
83%
High-School Grad
164.8 sq mi
ZIP Area
44
Density / Sq Mi
$38,750
Median Household Income
$35,527
Median Earnings
$672
Median Rent
$109,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Motel - For-sale income property with a mix of efficiency apartments and motel-style rooms, plus on-site guest laundry.
Where is this motel located?
The property is located at 1158 Ripley Road Spencer, WV.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Income potential from monthly tenants and VRBO rentals.; High‑traffic location on US 33.; Low vacancy rates due to lack of motels in the county.
More about this property
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