314 Jefferson AVE, Clifton Forge, VA 24422

New Listing
$435,000
Property Type: Commercial Baths: 4.5 Status: Active
Current Price: $435,000 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

A RARE OPPORTUNITY to own a SUCCESSFULL & WELL-LOVED Boutique Inn in the Heart of Historic Downtown Clifton Forge! The Red Lantern Inn is a BEAUTIFULLY Restored 100+year property featuring 7 Guest Rooms, 4.5 Baths, Welcoming Common Areas and Turn-Key Business appeal! Perfectly Situated near the C & O Railway Heritage Center, Historic Masonic Theatre, shops, dining & outdoor recreation at Douthat State park & the Cowpasture & Jackson River! With a STRONG REPUTATION, Repeat Clientele, and Endless Possibilities -continue its use as a Profitable Inn, create a Boutique Lodging Experience, or enjoy as a UNIQUE RESIDENCE/ B & B with guest Suites! An Established Business & Lifestyle Opportunity in Virginia's scenic Alleghany Highlands!

Listing Details MLS# 921747

Location, Tax & Legal

Area
2700 - Alleghany County
Street Number
314
Street Name
Jefferson
Street Suffix
AVE
State/Province
VA
Zip Code
24422
Municipality
Alleghany County

General Property Description

Construction Status
Completed
Year Built
1922
Lot Dimensions
75' x 75'
Road Frontage
75
Flood Area
No
On site Parking
Yes
Parking Spaces
8
Gross Building SqFt
3852
Lease Available
No
Basement Y/N
Yes
Total Bths
4.5
Water Class
N/A

Business Type

Type of Business (Historical Field)
Boutique Inn

Miscellaneous Info

Inventory Included
Yes
Electric Description
3 phase commercial

More Information

Property Features

Limited Service: Not Limited Service Commercial Type: Investment Sale Includes: Building & Land Construction: Brick; Vinyl Roof System: Metal Levels: Two Heating: Heat Pump Cooling: Heat Pump Floors: Wood Manufactured Homes: No HUD Tag Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Internet Access: Fiber Views: Mountain(s)
Listing Office: HIGHLANDS REALTY & ASSOCIATES LLC
Last Updated: November - 03 - 2026
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