$4,000,000
203 Interstate DR
Covington, VA 24426
MLS# 915646



203 Interstate DR, Covington, VA 24426
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203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426 203 Interstate DR, Covington, VA 24426

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

Details
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
Type of Business: Assisted Living/Memory Care
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
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 Water
Sewer Description: Public Sewer
Water Heater Type: Tank
Documents Available: Survey; Topo/Aerial Map
Views: Mountain
Supplements
this one, don't miss the opportunity to make this investment!

Listing Office: WOLTZ & ASSOCIATES

Last Updated: July - 07 - 2025

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