Natural Bridge Historic Hotel & Conference Center

Price:
$4,900,000

Address :
15 Appledore Lane
Natural Bridge, VA 24578

Property includes additional cabins and cottages
Multiple revenue generators on site
Proximate to Washington and Lee University and Virginia Military Institute
Potential redevelopment of business model could yield increased profitability
Property lies within 302-acre Natural Bridge Historic District, and historic tax credits may be available for renovation costs
The Natural Bridge Hotel now offers a 21’ x 31’ fitness center with equipment such as: treadmills, stationary bikes, ellipticals, and a set of free weights.

Rockbridge County is at the intersection of Interstates 64 & 81
Within walking distance of Natural Bridge State Park & Drama of Creation
Adjacent to The Caverns at Natural Bridge
Proximate to Downtown Lexington, Washington & Lee University, and Virginia Military University
Close to Regional Demand Generators:

1.3 Miles to Natural Bridge Zoo
1.3 Miles to Dinosaur Kingdom II
5.1 Miles to Virginia Safari Park
13.6 Miles to Virginia Military Institute
14 Miles to Washington & Lee University
16.2 Miles to Virginia Horse Center

3-Story (+ Basement) Main Hotel Building (90 Rooms, Interior Corridor)
Hotel Annex (30 Rooms, Exterior Corridor)
Colonial Dining Room (Seats ±150)
Red Fox Tavern (Seats ±50)
2-Story Washington Meeting Annex
1-Story Washington Hall
Sundry Shop
Asphalt Parking Lot
Wireless Internet
25.55 Acres Zoned B-1 (with ±5 Acres Zoned A-2)
28.74 Acres zoned B-1 Eight Single-Story, Exterior Corridor Cottages (32 Rooms) Wireless Internet

Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.

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Financials
	2018	2019	2020	2021	T-12Mos 10/22
Occupancy	35.49%	36.80%	20.15%	28.51%	31.20%
Average Daily Rate	$91.96	$92.78	$100.62	$107.11	$108.44
Room Revenue	$1,429,639	$1,495,434	$891,275	$1,705,268	$1,771,685
Total Revenue	$3,045,543	$3,193,521	$1,875,498	$2,933,271	$3,371,298
* Sellers installed a water treatment plant at the property. As of 12/14/22, there are 20 payments left at $4,200/month. This is included in the utilities expense. Natural Bridge Hotel operates the ticket concession for the Caverns. The revenue and expenses are line items above. 2021 Miscellaneous income includes PPP Loan Forgiveness

This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!

Price:
$4,900,000

Address :
15 Appledore Lane
Natural Bridge, VA 24578

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Our Regional Offices

Price: $4,900,000

Address : 15 Appledore Lane Natural Bridge, VA 24578

Quick Links

Our Regional Offices

Price:
$4,900,000

Address :
15 Appledore Lane
Natural Bridge, VA 24578