352 Tye River Tpke - Hospitality FOR SALE


Vesuvius, VA 24483
$795,000 USD
540-324-3360
352 Tye River Tpke, Vesuvius, VA for Sale
$795,000 USD
Hospitality - FOR SALE
1/58
null | Request Cap Rate

352 Tye River Tpke
Vesuvius, VA 24483


HIGHLIGHTS

  • Multiple Revenue Streams ~ Boutique Inn, Restaurant, Event Space, Wedding Venue, Air b and B rental,
  • Opportunities for lodging income, food and beverage operations, private events, retreats, and full-property rentals
  • 6 acres along Marl Creek and South River.

OVERVIEW

Rare opportunity to own Osceola Mill, a one-of-a-kind historic hospitality property in the Shenandoah Valley. Originally built in 1849, this iconic grist mill has been thoughtfully restored into a boutique retreat on approximately 6 scenic acres along Marl Creek and the South River. The property features four unique guest suites in the Mill House plus the detached McCormick Cabin with private creekside lodging. Inviting common areas include gathering rooms, dining space, kitchen,porches, and outdoor firepit areas. Guests love the exposed beams, original character, handcrafted details, and peaceful natural setting. Ideal for continued use as an income-producing inn, event venue, retreat space, private family compound, or unique residence. Conveniently located near Staunton, Lexington, hiking, wineries, and all the recreation of the Shenandoah Valley. A truly special offering where history, charm, and opportunity come together. Exciting new approvals add tremendous future potential to this already iconic Shenandoah Valley destination. Rockbridge County has approved rezoning to A-2 along with a Special Exception Permit allowing continued resort/lodge operations on the 6.12-acre property at 352 Tye River Turnpike. Approvals include the future development of five detached one-story guest cabins plus a new paved off-street parking area with approximately 26 spaces, creating an incredible opportunity to expand lodging capacity and guest experience. Existing rental units are approved for short-term rental use. County approvals also support continued operation consistent with the property's established hospitality use while preserving its rural charm and historic character. Additional permitting for building, VDOT access, and related site improvements will apply. Rare chance to acquire a beloved landmark with valuable entitlements already in place, making future growth more attainable for the next owner.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$212 USD /SF

# OF ROOMS

6

PRICE/ROOM

$132,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Osceola Mill Inn & Cabin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1849

PARKING SPACES

4

LAND DETAILS

LAND ACRES

6.12 AC

LAND SF

266,587 SF

ZONING

A-2

APN/PARCEL ID

41 A 5A

ASK ABOUT THIS PROPERTY

KATIE GRIFFINMcClure RealtyMore Info
540-324-3360

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KATIE GRIFFINMcClure RealtyMore Info
540-324-3360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.