Page House Inn

Norfolk, Virginia
pagehouseinn.com
youtu.be/MXSRv_V4AXw
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Property Type
Bed & Breakfast / Inn
Guest Rooms
7
Baths
8
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,395,000

Occupancy Rate
53%
Average Daily Rate
$189
Gross Revenue
$250,000
Gross Revenue Multiplier
5

Property Overview

Great location within walking distance of downtown Norfolk and sights, the Inn sits in a high-end historic neighborhood and is one of only two B&Bs in Norfolk. This updated Georgian Revival circa 1899 home has a front porch extending the width of the house, twelve-foot ceilings, solid oak floor-to-ceiling pocket doors, oak floors and solid oak trim, seven en suite guestrooms/suites accommodating 19 guests. Three floors of guest space and a spacious innkeepers’ quarters with two bedrooms, two bathrooms (1 with jetted tub), a large living room, office with two built-in desk, 4 storage rooms.


Property Description

All guestrooms/suites and guest space are fully furnished, individually decorated, all guestrooms are suited with king beds, en suite bathrooms. Four of the guestrooms are standard room, three are suites with separate bedrooms, and sitting rooms. Parking for all guest rooms, professionally landscaped property with a side yard and sprinkler system, roof top terrace, large front porch, gourmet/commercial grade kitchen, cable television, high speed WiFi, large generator, high ceilings and architectural details throughout.


Business Description

An established, highly rated, and fully licensed business with new website, reservation and accounting systems. Selling fully furnished, all linens, kitchenware, and equipment to start hosting guests immediately. Existing year-round clientele: in addition to tourist and vacationers there are business, medical, academic, and military guests that stay at the inn. House fully renovated in 1990 from studs out with many improvements made in 2020 to the already well-maintained property (new roof, gutters, flooring, 5 bathrooms updated, new kitchen equipment and paint throughout innkeeper quarters).


Reason for Selling


Terms & Asking Price

Turnkey business is negotiable; includes furnishings, website, reservation and accounting systems.