455 Railroad Avenue, Keysville, VA 23947 (MLS # 2617203)

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PRICE $75,000 SIZE 8,332 sqft LOT SIZE 6,774 sqft Request More Info Schedule a Showing

Rare opportunity to acquire a historic landmark in the heart of downtown Keysville, Virginia. The Charlotte Hotel at 455 Railroad Avenue offers 8,332± square feet of classic early 20th-century architecture with significant restoration potential. Originally built in 1907, the property includes en-suite guest rooms, a dining room, commercial kitchen, lobby, offices, and storage "” a functional layout well-suited for adaptive reuse. Positioned on Main Street in the core of Keysville's downtown corridor, the property is eligible for Federal and State Historic District designation, unlocking up to 45% in rehabilitation tax credits. Prospective buyers may also qualify for historic preservation grants and additional redevelopment incentives "” making this an attractive basis for investors, developers, and preservationists alike. Ideal uses include boutique hotel, event venue, mixed-use development, or other entrepreneurial concepts. This property has been placed in condemned status by the applicable governing authority due to safety concerns. The governing authority is prepared to release this status upon completion of required repairs and resolution of safety issues. NOTE: This property is subject to Auction, the list price is not the selling price, but the opening bid at the auction. The seller reserves the right to accept an offer prior to the auction. The property is being sold completely "AS-IS."