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34478561
34478761

158 Academy Ln, Pence Springs, WV 24962 For Sale

RB
WV WV00003860
Foxfire Realty
Foxfire Realty
Listed by Foxfire Realty
$2,200,000
437 days on market
Updated 2 days ago

The historic Pence Springs Resort Hotel compound on 138 Ac.

Details
Property Type Multifamily, Office (+3)
Sub Type Creative Office, Student Housing (+1)
Square Footage 44,000
Net Rentable (SqFt) 44,000
Units 20
Tenancy Vacant
Lease Options N/A
Broker Co-Op Yes
Year Built 1918
Year Renovated 2006
Buildings 20
Stories 3
Acreage 138.510
Zoning No County Zoning
Investment Type Redevelopment
Tenant Credit No Credit Rating
Ceiling Height 16
Loading Docks 1
Ownership TAS GREENBRIER

Great Investment Multi-Purpose Property With Numerous Buildings On 140 Acres

Marketing description

A wonderful compound of various buildings located on approximately 138 Acres +/- in the beautiful mountains of Almost Heaven, Summers County, WV.

A piece of history

Nestled in the verdant hills of Summers County, West Virginia, the Pence Springs Hotel was once a grand symbol of luxury, health, and prosperity. From its beginnings as a resort for the wealthy elite to its decline and transformation, the hotel’s history is interwoven with the story of the famed mineral springs that put this remote part of West Virginia on the map.

Pence Springs, located along the Greenbrier River, was known for its naturally occurring mineral springs, which were believed to have curative properties. Long before the resort era, Indigenous peoples and early settlers alike sought out these waters, attributing them to healing ailments ranging from digestive issues to rheumatism.

The area’s rise as a resort destination began in the late 19th century, during the golden age of mineral spas. Wealthy families from cities like Richmond, Baltimore, and Washington, D.C., flocked to mineral springs resorts in the Appalachian region for relaxation and treatment. Entrepreneurs, seeing the economic potential, began investing in hotels and spas near these natural springs.

Around the early 1900s, the Pence Springs Hotel was established as a luxurious retreat, designed to attract guests who wanted both the serenity of the mountains and the reputed health benefits of mineral waters. The resort offered grand accommodations, including elegantly furnished rooms, wraparound porches, and beautifully manicured gardens.


Investment highlights

  • Former historic hotel resort, state reformatory, hotel resort again, and lately a girls’ school
  • 25,000 SF three-story hotel, recently used as an education center, lodging, and headquarters
  • A fantastic compound in the beautiful quite mountains of Summers County, West Virginia
  • Tremendous investment opportunity with endless possibilities of creating income in multiple ways
  • Huge commercial kitchen
  • Dining room
  • Offices
  • 7400 SF fitness center and gymnasium
  • 6000 SF two-story arts and educational building with a large, wonderful, covered porch
  • Wonderful multipurpose sunroom
  • The ballroom and dining hall combination – Brand new 2025 renovation with new ceilings and beautiful golden oak hardwood floors.
  • Incredible historic lobby with fireplace – Brand new 2025 renovation with new trayed ceilings and beautiful oak hardwood floors.
  • Beautiful, covered porches and decks
  • Lovely oak hardwood floors and woodwork in much of the building
  • Solid hardwood cherry flooring in the office complex wing
  • The first and second floors have been remodeled with conference and meeting space, offices, and 20 rooms with shared restrooms
  • The third floor has the same footprint as the first and second levels
  • Full basement with walkouts
  • Miles of roads and trails to explore within 138 acres
  • 120 acres of forest with an emerging hardwood timber stand
  • Excellent hunting property
  • Mountain pond.
  • Most recently used as a school for girls
  • Excellent opportunity for a retreat center, boutique hotel, education center, and a multitude of other uses
  • 60-room hotel, in its early days, was a Mecca for the elite travelers and gamblers
  • Listed on the National Registry of Historic Places
  • Possible historic tax credits available
  • 44,000 SF of finished buildings
  • The third floor has not been remodeled from its past use as the State of West Virginia Women’s Prison
  • World-class fishing and water recreation due to the three rivers that are nearby, The Greenbrier, Bluestone, and the Mighty New River
  • Bluestone Dam and Reservoir is a 15-minute drive
  • 10-minute drive to golf at the Hinton Elks Club at Willowwood.
  • The newest National Park and Preserve in the US is in Hinton, the county seat of government
  • Outstanding 2900 SF, eight-stall horse stable with electric and private well.
  • Huge, covered riding center
  • 13 mountain yurts for camping and outings
  • 44-minute drive to America’s Resort, the famous Greenbrier Hotel and Sporting Club
  • 30-minute drive to historic Lewisburg
  • ¼ mile to the beautiful Greenbrier River
  • Public water
  • Public sewer
  • The Hinton/Alderson airport is within sight of the property.
  • The subject property adjoins the Pence Springs Flea Market
  • Easy walking distance to a convenience store and a gas station
  • About 2 hours to Charleston, WV
  • About 2 hours to Roanoke, VA
  • 35-minute drive to Greenbrier Valley Airport at Lewisburg. Daily jet service
  • Recent improvements with the 2006 and 2025 remodels with modern vinyl windows, propane furnace, and hotel roof replaced about 5 years ago
  • No county-wide zoning in Summers County

Listing Contacts

RB
WV WV00003860
Foxfire Realty
Foxfire Realty
Listed by Foxfire Realty

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Additional Information

Name
Randy S Burdette
License
WV00003860
Brokerage
Foxfire Realty
Brokerage Phone
3046672897
Title
Associate Broker
Brokerage Address
1029 East Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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