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

Overview

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!

Listing Details MLS# 915646

Location, Tax & Legal

Area: 2700 - Alleghany County
Street Number: 203
Street Name: Interstate
Street Suffix: DR
State/Province: VA
Zip Code: 24426
Municipality: Alleghany County

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

Status Change Info

Ratified Contract Dt: 2025-05-29
Sold Date: 2025-07-07

Business Type

Type of Business (Historical Field): Assisted Living/Memory Care

More Information

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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