Public Auction | Keysville, VA | Historic “Charlotte Hotel” & Income-Producing Storefront | Total of 14,296± SF | Rehabilitation Tax Credits Available | Sold Due to Owner Relocation | Sold Together or Separately | 439 & 455 Railroad Ave | 23947

Details

439 & 455 Railroad Ave, Keysville, VA 23947

Discover a rare opportunity to own two historic landmark properties in the heart of Keysville, Virginia. The iconic Charlotte Hotel at 455 Railroad Avenue offers 8,332± square feet of historic character, classic architecture, and restoration potential. The adjoining commercial property at 439 Railroad Avenue provides 5,964± square feet of income-producing storefront space on a total of approximately 0.38 ± Acres. Whether envisioned as a boutique hotel, event venue, mixed-use development, retail destination, or other entrepreneurial venture, these properties offer endless possibilities for investors, developers, and preservationists. Located on Main Street in downtown Keysville, this unique offering combines historic charm, income potential, and the opportunity to revitalize a cornerstone of the community, with potential eligibility for historic preservation grants, tax credits, and other redevelopment incentives.

• 455 Railroad Ave | Historic Hotel | 8,332± SF | Built in 1907 | Original configuration of 14 rooms including en-suite guest rooms, dining room, kitchen, lobby, offices, and storage
• 439 Railroad Ave | Income-Producing Storefront | 5,964± SF | Built in 1900 | Leased through January 2028 with annual escalator
• Federal & State Historic District - Up to 45% in rehabilitation tax credits available! – designation letter attached
• Sold together or separately!

Property Tours

Please contact Carly Hancock for property tours

Ideal For

Ideal for investors, developers, preservationists, and entrepreneurs seeking a historic redevelopment opportunity with income-producing potential and multiple future-use possibilities 

Auction Term Highlights and Bidder Requirements

• Auction Term Highlights
  • Registration Deposit: An initial deposit of $5,000 is required for bidder registration and approval to bid
  • Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
  • Settlement: Settlement must occur within 60 days of the sale. Time is of the essence
• Online Bidder Requirements
  • All bidders MUST register and submit the initial deposit prior to being approved to bid

Important to Note

• All sales are AS-IS, WHERE-IS and WITH ALL FAULTS
• All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
• The terms and conditions presented at the time of sale supersede any prior or other terms and conditions related to this sale

Financial Lender Recommendations

• Ashley Howell (First Bank & Trust Company)
  • ahowell@firstbank.com
  • 540-421-6732
• Lindy Pond (Consistent Capital)
  • lindy@consistentcapital.com
  • 804-647-7866
• Briana Sparrow (Atlantic Bay Mortgage Group)
  • brianasparrow@atlanticbay.com
  • 804-878-0509
• Megan Rodgers (Farm Credit)
  • mrodgers@FCVirginias.com
  • 434-956-1139
• Mike Krumbein (Richmond Mortgage Inc.)
  • mike@richmondmortgageinc.com
  • 804-240-9314

Call Carly Hancock at 804-335-9994 or chancock@motleys.com