Bought with NON MEMBER • Non Subscribing Office
$4,000,000
$3,900,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
64,580 SqFt
SOLD DATE : 07/07/2025
Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 64,580 sqft
Price per Sqft $61
MLS Listing ID VAAY2000022
Sold Date 07/07/25
Year Built 1984
Annual Tax Amount $16,880
Tax Year 2024
Lot Size 8.650 Acres
Acres 8.65
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Live & Online Auction held at the property Thursday, May 29 at Noon. Property will be sold at auction, agents will be onsite for property previews on 5/14 & 5/21 from 1PM-4PM. List price required by MLS, but not reflective of the reserve price & is only the recommended starting bid & non-reflective of value. Located just off Interstate 64 in Covington, VA this is a rare offering of an over 64,000 square-foot Memory Care/Assisted Living Facility that has been recently renovated. The property features over 8 acres of land offering room for future expansion (Recently Surveyed), 76 total rooms (35 designated for memory care, 41 for assisted living), a fully equipped commercial kitchen, a fitness center, an entertainment room, & multiple offices. There is a strong need for facilities such as this one, don't miss the opportunity to make this investment!
Location
State VA
County Alleghany
Zoning B-1
Interior
Hot Water Multi-tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 30.0
Water Access N
Accessibility Other
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Mountain View
Middle Schools Clifton
High Schools Alleghany
School District Alleghany County Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Auction
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