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$4,000,000
64,580
square ft

203 Interstate Drive
Covington, Virginia 24426

Closed / MLS #VAAY2000022 / Commercial / Mixed Use / Covington
Listing information updated 7/7/2025 at 11:01am
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!
Lot Size:
376794.00 Square Feet
Acreage:
8.65
Built:
1984
Cooling System:
Heat Pump(s)
Business Use:
Flex, Institutional, Medical, Other
Zoning:
B-1
Building Square Feet:
64,580
Tax Amount:
$16,880
Tax Year:
2024
Zip Code:
24426
City:
Covington
County:
Alleghany

Listing Office: WOLTZ & ASSOCIATES INC

Listing Office Phone: 540.342.3560

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$55,500
Average Sale Price
192
Average Days On The Market
69%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 203 Interstate Drive, Covington, VA 24426

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203 Interstate Drive, Covington, VA 24426 is a commercial / mixed use which sold for $4,000,000. This commercial / mixed use has been listed on RLAH @properties since April 3rd, 2025 and was built in 1984.