16912 Lee Hwy Buchanan, VA 24066
This exceptional 20.19-acre property in Botetourt County, Virginia, presents a unique investment opportunity. Located at 16912 Lee Hwy, Buchanan, VA 24066 (APN 64-71A), the property boasts a stunning log cabin with breathtaking million-dollar mountain views. The main house features four large bedrooms and three full bathrooms, showcasing beautiful hickory hardwood floors and complete furnishings. The eat-in kitchen includes hickory cabinets, Corian countertops, a pantry, and an island. A great room with cathedral ceilings and a gorgeous rock fireplace opens onto a large deck equipped with a hot tub and grill. The primary suite offers deck access, a private bath with a double-sink vanity, a whirlpool tub, and a walk-in closet. The lower level includes a large family room, a "Rusty Roof Saloon" man cave with a custom bar, kegerator, microwave, refrigerator, and pool table, as well as a workout area and laundry room. Over six acres of pasture, currently used for corn, and a creek running through the property provide additional recreational opportunities. The property has operated as a successful VRBO for nine years, generating an annual income of $80,000. Its secluded yet accessible location, combined with ample space for expansion, makes it ideal for a variety of uses, including a potential wedding venue. The asking price is $899,950.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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