For sale

314 Jefferson Ave

Clifton Forge, VA 24422

$435,000

7beds
4.5baths
3,852sq ft
1922built

Listed by Highlands Realty & Associates LLC

About this home.

A RARE OPPORTUNITY to own a SUCCESSFULL & WELL-LOVED Boutique Inn in the Heart of Historic Downtown Clifton Forge! The Red Lantern Inn is a BEAUTIFULLY Restored 100+year property featuring 7 Guest Rooms, 4.5 Baths, Welcoming Common Areas and Turn-Key Business appeal! Perfectly Situated near the C & O Railway Heritage Center, Historic Masonic Theatre, shops, dining & outdoor recreation at Douthat State park & the Cowpasture & Jackson River! With a STRONG REPUTATION, Repeat Clientele, and Endless Possibilities -continue its use as a Profitable Inn, create a Boutique Lodging Experience, or enjoy as a UNIQUE RESIDENCE with guest Suites! An Established Business & Lifestyle Opportunity in Virginia's scenic Alleghany Highlands!

Facts and features.

The home

Type: House (Single Family Residence)
Bathrooms: 4 full, 1 half
Levels: 2 stories

Inside

Basement: Partial
Flooring: Wood
Appliances: Microwave Oven (Built In), Dryer, Washer, Dishwasher, Electric Range, Refrigerator
Interior features: Cathedral Ceiling(s)

Outside and lot

Outdoor features: Sunroom
View: mountain
Lot setting: Level
Zoning: Business

Utilities

Heating: Heat Pump Electric
Cooling: Central Air
Water source: Public

Community

HOA dues: None
Community features: Restaurant, Trail Access
County: Alleghany County

The listing

Source: Roanoke Valley Association of REALTORS® MLS #921748

Price and status history.

400

days on market

Date	Event	Price
Nov 4, 2026	Back on the market	Same price
Nov 1, 2026	Listing expired	Same price
Oct 9, 2025	Listed for sale	$435,000

Price per square foot

This home$113

Clifton Forge house median$111

Asking price per finished square foot, compared with the median of 47 houses sold in Clifton Forge in the last 12 months. 1% above the median.

Estimate a monthly payment.

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Listing information

Listing courtesy of Highlands Realty & Associates LLC.

Displayed by GRAVITY Real Estate Group.

Information last updated Nov 13, 2026, 9:01 AM.

Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.

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