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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29561258
29636446

311 E Main St, Christiansburg, VA 24073

CE
VA 0225247701
Elliott Inc.
Listed by Elliott Inc.
$1,095,000
117 days on market
Updated 29 days ago

311 E. Main St. Oaks

Details
Property Type Hospitality, Multifamily (+1)
Sub Type Hotel
Square Footage 5,500
Net Rentable (SqFt) 5,000
Units 6
Beds 8
Cap Rate 4.00%
Pro-Forma Cap Rate 2.09%
Price per SqFt $217
Broker Co-Op Yes
Class B
Year Built 1893
Year Renovated 2020
Buildings 2
Stories 3
Acreage 1.280
Zoning R3
Parking Spaces 8 spaces
Parking Per SqFt 1.45
Investment Type Owner/User
Occupancy Date 03/01/2026
Ceiling Height 10

Bed and Breakfast Opportunity with large lot. Right in town!

Marketing description

311 E. Main Street is a rare hospitality investment in Christiansburg’s downtown historic district, listed on the National Register of Historic Places. This Queen Anne property has operated successfully as a AAA Four Diamond bed and breakfast for 25+ years. Featuring 6 in-suite guest rooms, 8.5 baths, and a detached guest cottage on a 1.208-acre downtown parcel, the property offers multiple revenue streams and flexible use. Permitted for private events and corporate gatherings, it presents a unique opportunity to continue B&B operations or convert to a luxury private residence. One block to downtown dining and breweries, and less than seven miles to Virginia Tech and Radford University.

Video tour: https://vimeo.com/1167845256/5d744ed610?share=copy&fl=sv&fe=ci

The asset is currently operating below its full potential, with clear opportunities to increase revenue through improved occupancy, dynamic pricing strategies, and expanded use of the property for small events, weddings, and group bookings.

Investment highlights

*Christiansburg's downtown historic district, and a member of the National Register of Historic Places

*Operated successfully as a prestigious bed and breakfast for the last 25+ years and is a recipient of the AAA 4 Diamond Award

*Victorian-style home

*6 bedrooms and 8.5 baths, plus a detached guest cottage

*Can host private events and corporate gatherings

*Beautiful hardwood floors

*Window Treatments

*Balcony, Blacktop Driveway, Curbs, Garden Space, Patio, Porch, Private Yard, Quality Landscaping

*Has Spa Shower and Spa Tub

Listing Contacts

CE
VA 0225247701
Elliott Inc.
Listed by Elliott Inc.

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