Tuggle's Gap Roadside Inn Landmark Motel, Restaurant, Retail Property
$639,000
3351 Parkway Ln S, Floyd, VA 24091
6,679 sqft
Building Size
2.36 acres
Lot Area
Details:
Description:
Tuggle’s Gap Roadside Inn is a fully renovated, turn-key boutique motel, restaurant, and retail property on 2.36 scenic acres off the Blue Ridge Parkway in Floyd, VA. Originally opened in 1938, this landmark includes 10 updated guest rooms with private baths, smart locks, WiFi, and Smart TVs. A fully equipped commercial kitchen, indoor/outdoor dining, retail gift shop, fuel pumps, laundry facilities, and outdoor amphitheater with stage offer diverse revenue potential. Conveys with all furnishings, restaurant equipment, and brand assets including website and social media. ~$110K annual lodging revenue with plenty of room to grow. Restaurant and fuel operations are paused but easily reopened. Fiber internet and modern digital systems allow for streamlined operations. Perfect for an owner/operator or investor seeking an income-producing hospitality property with historic charm and expansion potential.
Nestled in the picturesque town of Floyd, this property offers an idyllic setting for office or office building investment. Surrounded by the natural beauty of the Blue Ridge Mountains, the area is known for its vibrant arts scene, eclectic shops, and renowned local cuisine. Enjoy the community's rich cultural heritage at the Floyd Country Store, and explore the nearby Chateau Morrisette Winery for a taste of Virginia's wine country. Outdoor enthusiasts can take advantage of the nearby Buffalo Mountain Natural Area Preserve and the serene views along the Blue Ridge Parkway. Invest in the allure of this charming location, where work-life balance thrives amidst a backdrop of unparalleled tranquility and creativity.
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Location
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