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311 E Main St
Christiansburg, VA 24073

$1,195,000 USD

Hospitality For Sale  •  5,613 SF

Property Details

  • Property Type Hospitality
  • Total Building Size 5,500 SF
  • Lot Size 1.24 AC
  • Building Class B
  • Year Built 1893
  • Cap Rate 4.18 %
  • Zoning R3
20 Transit Score
63 Walk Score

Description

The Oaks Bed & Breakfast is a distinguished historic property prominently positioned along Main Street in downtown Christiansburg, Virginia. This elegant residence blends timeless architectural character with modern functionality, offering a rare opportunity to acquire a fully operating boutique hospitality asset in the growing New River Valley market.

Located just minutes from Virginia Tech and convenient to Blacksburg, the property benefits from consistent demand driven by university events, weddings, corporate visitors, medical professionals, and regional tourism. Christiansburg’s continued commercial growth and revitalization efforts further strengthen the long-term investment profile of this asset.

Additional detatched guest suite with sauna.

Atrium Doors, Bay/Bow Windows, Built-Ins, Ceiling Fan(s), Ceramic Tile Bath(s), Extra Kitchen, Extra Storage, French Doors, Guest Suite, Multi-Panel Doors,  Pantry, 

Spa Shower, Spa Tub, Walls-Plaster, Window Treatment(s), Wireless Int. Ready,  Cable Available, Walk-in Closet(s)

Hardwood Floors

Family Room, Gas Logs/Vented, 

Living Room, 

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

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
8 bedrooms and 8.5 baths, plus a detached guest cottage
Can host private events and corporate gatherings,
Cap Rate: 4.18 %

Major Tenants

Tenant SF Occupied Lease End Date
Arthur V Shaheen
Jason and Shannon Magenheimer

Amenities

  • High Speed Internet Access
  • Patio
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Roanoke/Blacksburg Regional (Woodrum Field) 49 min - 33.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Carmen Elliott 540-357-2084 Elliott Inc.
Carmen Elliott 540-357-2084 Elliott Inc.