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    325 Union Run Lexington, VA 24450

    Sponsored
    For Sale
    $998,900

    10-Acre Estate, 8+ Guest Rooms

    Property size:
    6,336 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,336 sq ft hospitality property, nestled on 10 acres in Lexington, Virginia, presents a unique investment opportunity. Built in 1883, the three-building complex includes a main house boasting three guest rooms (each with private bath and balcony), expansive owner's quarters, two studio spaces, a library/music room, and a full kitchen. A separate guest house offers an additional five guest rooms, each with a private bathroom, a kitchenette, and a living room. A connecting stone patio provides an ideal outdoor gathering space, complemented by a campfire area, gazebo, and ample parking. The property features a scenic pond and creek, rolling meadows, and is zoned A-2. Modern amenities include fiber internet and reliable cell service. The property's flat area is suitable for tents and events, making it ideal for weddings, corporate retreats, or artistic ventures. Currently operating as a successful art retreat, the sale includes an established website, client database, and positive online reviews. Septic system and attic improvements are underway. Furnishings are available for purchase. Asking price: $998,900.

    Property Features for 325 Union Run

    General Information

    Property type
    Hotels
    Square Feet
    6,336 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built
    1883
    Buildings
    3
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Lexington
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.497916
    Latitude
    37.7631418

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    FAQs

    What type of property is this?
    Hotel - 10-Acre Estate, 8+ Guest Rooms
    Where is this hotel located?
    The property is located at 325 Union Run Lexington, VA.
    What is the asking price?
    The asking price for this property is $998,900.
    Request Owner's contact information
    325 Union Run Lexington, VA 24450
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    Lexington, VA 24450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    325 Union Run Lexington, VA 24450
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