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Property profile

147 Saddle Ln Waverly, WV 26184

FOR SALE
Hospitality properties
Property ID
US94-0267354
153 ac lot
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Property summary

AI-generated overview

Meredith Manor, a sprawling 153-acre property in Waverly, West Virginia, presents a unique redevelopment opportunity. This expansive estate boasts a 4,511 sq ft main house featuring 3 bedrooms, 2.5 baths, an eat-in kitchen, dining room, office, gym, and a 4-car garage with 2 RV garages. Beyond the main residence lies a substantial complex ideal for hospitality or equestrian uses. The property includes 100 beds distributed across a main dorm (requiring approximately $45,000 in roof and interior repairs), a secondary dorm, and 10 modified shipping containers equipped for housing. Operational support buildings include a cafeteria with a commercial kitchen (100-person capacity), an administrative office with multiple private offices and a viewing room, and an additional office trailer. Extensive equestrian facilities are a key feature, encompassing 150 stables, 9 equipped barns (including farrier and therapy spaces), and 7 indoor arenas totaling approximately 3.8 acres. The property also includes multiple storage sheds, city water and gas, and an on-site sewage plant. Five commercial generators are on-site, though one is inoperable. Access is convenient via three entrances from SR 31S and two from Love Hill Rd. The property's proximity to Parkersburg offers additional advantages. Two additional parcels are available for purchase separately: an 85-acre parcel (partially cleared) for $200,000 and a 2-acre parcel ($350,000) including a well-equipped mechanic shop and paint shop. The asking price for Meredith Manor is $1,600,000. The property is zoned commercial and offers significant potential for various income-generating ventures.

Property profile

Verified
Property type Hospitality properties
Lot 153 ac (6,664,680 SF)
UPID US94-0267354

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

147 Saddle Ln Waverly, WV 26184
Waverly metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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