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Memory Care Facility Auction

203 Interstate Dr : Covington, VA 24426

Alleghany County, Virginia

Shown by Appointment Only

8.65 Acres
Land Auction
May 29, 2025 12:00 PM
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Land 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 this one, don't miss the opportunity to make this investment.

Land Maps & Attachments

Directions to Land

From Roanoke: Take I-581N to I-81N, exit 150B toward Fincastle. Go 35mi. & keep right on US-220N. Get on I-64W, then exit 16A to US-60W. R on E Madison St. R on Horse Mtn View. R on Interstate Dr.

Commercial Details

Type : Hospitality
Zoning : B-1
4 Buildings
2 Stories
1984 Built
64,580 Sq Ft

More Land Details

Has Commercial Building
Bank Foreclosure
Commercial Zoning
Flat Terrain
Paved Road Access
Electricity Service
Water Service
Sewer Service
Estimated Annual Taxes
$16,880
Assessor Parcel Number (APN)
57-65, 57-65B, 57-65C
Seller's Land ID
915646/ A1035
LANDFLIP ID
394828
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