Woltz & Associates, Inc. is very proud to offer at auction, for the spring of 2018, a truly unique and exceptional property located in Botetourt County, Virginia.   Summit Initiatives Corporate Retreat, formerly known as Camp Fincastle, will be offered in five tracts providing recreational, commercial and development opportunities.

    Real Estate Description

    Summit Initiatives Corporate Retreat is situated on 473± gently rolling acres in Botetourt County, Virginia just outside the town of Fincastle. The property is the former Camp Fincastle and has numerous improvements including a large lodge with a well-equipped commercial kitchen and dining hall to handle large crowds. There are several well-appointed bunk houses, a three bedroom single family home, supporting gym, pavilion, pole barn, classroom buildings, equipment shed, etc. Most of the improvements are served by a central water system, central septic system and have central heat and air conditioning.

    The gently rolling tract is mostly wooded with some open areas. A five acre pond lies below the lodge. There is a significant amount of timber, mostly located on the western portion of the property near the Route 666, Lees Gap Road, entrance. The main entrance fronts on Route 600, Breckinridge Mill Road, at the southern end of the property. Access throughout the site is via a well maintained existing interior road system.

    Overall Improvement Description

    The improvements include a wide range of structures utilized for the operation of a corporate educational retreat. The majority of these structures were built from 1960 to 1965. In 2011/2012 four new primary structures were built. A large multi-use building (classroom/warehouse/covered storage) was constructed in 2017/2018.

    Many secondary, storage and utility buildings, not identified here, are on the site.

    Individual Improvement Description

    Petzoldt Main Lodge: Overlooking the lake, this lodge serves as the centerpiece of the property. The floor plan is open to serve multiple guests at dining and reception events. The 5,500± square foot building has been renovated and upgraded by the current owners to include a new commercial kitchen, new heat pumps, and general refurbishing. The building, which was originally constructed in 1960, is in good condition.

    Base Camp: This lodge is at the southern portion of the lake and was originally constructed in 1965. This serves as a meeting area and classroom space. The building is of wood post and beam construction with a pitched roof, totaling 2,800± square feet, and has its own propane back-up generator.

    Mt. Hood and Mt. Rainer Lodging Buildings (2): Constructed in 2011, these identical staff lodging buildings feature an eight bedroom layout surrounding a central living area with two bathrooms (1,308 SF each). These buildings are in like new condition.

    K2/Makalu/Lhotse Cabins: Built in 1962, these cabins have recently undergone renovations to serve as comfortable overnight accommodations. They consist of one or two open areas served by ductless heat pumps. The K2 and Makalu cabins (wood construction) are approximately 600 square feet, while the Lhotse Cabin (brick construction) is approximately 1,000 square feet. These cabins are in above average condition after a complete refresh and newly renovated bathrooms.

    Mt. Washington Classroom: Constructed in 2012, this 1,378± SF classroom/office building has eight individual office/classroom spaces with a reception/waiting area and two private bathrooms. Electric heat pumps provide HVAC. The buildings are of quality residential grade construction.

    Mt. Rogers Classroom/Warehouse: Constructed in 2012, this 1,200± square foot building is in like new condition, with one walk in door and one 10’x10′ door.

    Caretaker’s House: This single-family residence is a one story 1,708± square foot home that was constructed in 1962. The home features wood siding, gable roof with asphalt shingles, and a wood deck with concrete patio. A heat pump system provides heating and cooling. The improvements are in very good condition after recent renovation. The house has its own on-site well and septic system and can also be served by the water and septic systems of the rest of the camp.

    Classroom/Warehouse: This is a newly constructed (2017 and 2018) 3,840± SF wood frame/metal skin covered storage and warehouse building. With plumbing roughed in for two ADA bathrooms and water fountain, this building is ready to be finished to your specifications.

    Gym: The gym is a stand-alone 957 square foot frame building that had been up fitted for gym use. The building features rubber flooring and a ductless Carrier® HVAC unit. Gym equipment shall be removed prior to closing.

    Bath House: Constructed in 1962, the bathhouse serves as a shower, changing, and restroom area for the camp, as well as housing the laundry operations. The building totals 770 square feet and is of wood frame construction. The building is in good condition and has been recently refreshed.

    Four-Bay Garage: The existing 1200± SF garage is of pole construction. Built in 1960, the structure features wood siding and a partial slab/partial gravel base. This building is in fair condition.

    Site Improvements

     Parking Area/Interior Roads: Mix of treated gravel and gravel roadways, and gravel-parking areas, all well maintained and adequate for current operations.

    Other: An automated metal gate secures the main entrance. A new septic and waterworks system (well, pumping equipment, treatment equipment, etc.), at a reported cost of $180,000, has recently been installed. An 80 KW propane generator serves as a back up to keep necessary waterworks, Petzoldt Lodge and other buildings functioning in time of power outages.

    As noted, a number of secondary storage sheds, and older cabins are present on the site.

    More details coming soon. Stay tuned.

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