On the edge of Blacksburg, Yellow Sulphur Springs is the definition of a one-of-kind property. The property includes over 50 acres of hardwood forest, 8 buildings encompassed by a 2 mile walking trail and intertwined by a bold stream. The centerpiece is the landmark circa 1810 hotel building, ready to be transformed into a destination restaurant / lodging facility. Steeped in rich local history, the building would likely be eligible for historic tax credits to help fund the renovation. The namesake spring flows from under the Italianate Gazebo (cir 1874) adjacent to the hotel. The Greek Revival style owners residence (c. 2005) overlooks it all from the high point of the property. The property currently generates a healthy rental income from the historic cottages, one newer cottage and a Healing Arts Studio. A Planned Unit Development has been approved by the county to sub-divide 35 additional residential lots, creating a substantial opportunity for growth.
DON'T MISS A NEW LISTING AGAIN!
FREE AUTOMATED EMAIL UPDATES