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Red Lantern Inn 314 Jefferson Ave 8 Room Bed and Breakfast Clifton Forge, VA 24422 $598,791 CAD ($74,849 CAD/Room)
Investment Highlights
- Restored historic property dating to 1922, featuring 7 guest rooms and 4.5 baths.
- Architectural details include hardwood flooring, cathedral ceilings, and welcoming common spaces.
- Access to outdoor recreation hubs such as Douthat State Park and local rivers.
- Turn-key business currently operating as a boutique inn with established clientele.
- Set in downtown Clifton Forge with proximity to theaters, museums, shops, and restaurants.
- Significant investment potential as a hospitality asset, unique residence, or specialty retreat space.
Executive Summary
314 Jefferson Avenue offers a rare opportunity to acquire a beautifully restored, century-old property situated in the heart of historic downtown Clifton Forge. Currently operating as The Red Lantern Inn, this seven-bedroom, 4.5-bath property spans 3,852 square feet across two stories and combines classic architectural character with modern functionality. Featuring hardwood floors, cathedral ceilings, and welcoming communal areas, the residence provides an elegant backdrop for a variety of uses, including a boutique inn, unique lodging experience, or an expansive private residence enhanced with guest accommodations.
Positioned steps away from cultural attractions such as the C&O Railway Heritage Center and the Historic Masonic Theatre, the property also offers convenient access to dining, shopping, and recreational destinations including Douthat State Park as well as nearby scenic rivers. This exceptional Alleghany Highlands location attracts consistent visitor demand thanks to its natural beauty and growing tourism profile. ample on-site parking complements the property’s business potential. Whether continuing its profitable hospitality operation or reimagining the property as a custom residence or mixed-use concept, this listing represents an extraordinary blend of lifestyle, business, and heritage in Virginia’s mountains.
Positioned steps away from cultural attractions such as the C&O Railway Heritage Center and the Historic Masonic Theatre, the property also offers convenient access to dining, shopping, and recreational destinations including Douthat State Park as well as nearby scenic rivers. This exceptional Alleghany Highlands location attracts consistent visitor demand thanks to its natural beauty and growing tourism profile. ample on-site parking complements the property’s business potential. Whether continuing its profitable hospitality operation or reimagining the property as a custom residence or mixed-use concept, this listing represents an extraordinary blend of lifestyle, business, and heritage in Virginia’s mountains.
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- Market Information
Property Facts
| Price | $598,791 CAD | Property Subtype | Bed and Breakfast |
| Price Per Room | $74,849 CAD | Building Size | 3,852 SF |
| Sale Type | Investment | No. Rooms | 8 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1922/2009 |
| Price | $598,791 CAD |
| Price Per Room | $74,849 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Size | 3,852 SF |
| No. Rooms | 8 |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2009 |
About 314 JEFFERSON AVE , CLIFTON FORGE, VA 24422
314 Jefferson Avenue in Clifton Forge, Virginia, is a two-story structure built in 1922. It sits within the Alleghany Highlands region near regional attractions and cultural destinations. The property contains multiple bedrooms and baths, with on-site parking. Utilities include public water and sewer.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | - | - |
| Guest Room | 7 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12300-01-007-0060 | Improvements Assessment | $347,574 CAD |
| Land Assessment | $28,907 CAD | Total Assessment | $376,481 CAD |
Property Taxes
Parcel Number
12300-01-007-0060
Land Assessment
$28,907 CAD
Improvements Assessment
$347,574 CAD
Total Assessment
$376,481 CAD
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Red Lantern Inn | 314 Jefferson Ave
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