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.