203 Interstate DR, Covington, VA 24426
$4,000,000
Property Type:
Commercial
Lot Size (sq. ft.):
376,794
Status:
Closed
Current Price:
$4,000,000
List Date:
3/28/2025
Last Modified:
7/07/2025
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
Supplements: this one, don't miss the opportunity to make this investment!
More Information MLS# 915646
Contract Information
Current Price: $4,000,000
Sold Price: $4,000,000
List Date: 2025-03-28
Status: Closed
General Property Description
Construction Status: Completed
Year Built: 1984
Total Acreage: 8.65
Flood Area: No
Gross Lot SqFt: 340000
On site Parking: Yes
Gross Building SqFt: 64580
Lease Available: No
Basement Y/N: No
Water Class: N/A
Location Legal Taxes
Area: 2700 - Alleghany County
Street Number: 203
Street Name: Interstate
Street Suffix: DR
State/Province: VA
Zip Code: 24426
Municipality: Alleghany County
Status Change Info
Ratified Contract Dt: 2025-05-29
Sold Date: 2025-07-07
Sold Price: $4,000,000
Business Type
Type of Business (Historical Field): Assisted Living/Memory Care
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment; Office
Sale Includes: Building & Land
Construction: Brick
Heating: Heat Pump
Cooling: Heat Pump
Floors: Carpet; Laminate
Manufactured Homes: No HUD Tag
Additional Features: Other - See Remarks
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Documents Available: Survey; Topo/Aerial Map
Views: Mountain(s)
Listing Office: WOLTZ & ASSOCIATES
Last Updated: July - 07 - 2025
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