Tuggle's Gap Roadside Inn | Blue Ridge Parkway
Floyd, VA
Offered for sale at $639,000
Tuggle’s Gap Roadside Inn is a fully renovated, turn-key boutique motel, restaurant, and retail property on 2.36 scenic acres off the Blue Ridge Parkway in Floyd, VA. Originally opened in 1938, this landmark includes 10 updated guest rooms with private baths, smart locks, WiFi, and Smart TVs. A fully equipped commercial kitchen, indoor/outdoor dining, retail gift shop, fuel pumps, laundry facilities, and outdoor amphitheater with stage offer diverse revenue potential. Conveys with all furnishings, restaurant equipment, and brand assets including website and social media. ~$110K annual lodging revenue with plenty of room to grow. Restaurant and fuel operations are paused but easily reopened. Fiber internet and modern digital systems allow for streamlined operations. Perfect for an owner/operator or investor seeking an income-producing hospitality property with historic charm and expansion potential.
Property Details- 10 Guest Rooms
- 10 Guest Room Baths
- Has Owner's Quarters
- Built in 1938
- Last Renovated in 2022
- Opened in 1938
- Building is 6,679 SQFT
- Lot is 2.36 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $639,000
- Occupancy Rate: 56%
- Average Daily Rate: 134.60
- Annual revenue is $110,000
- Terms: *Revenue is currently only from 8 guest rooms. Owner lives in 2 guest rooms. Restaurant and retail are not currently producing revenue due to owner preference, but both are ready to add significant
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