Could be! :)  It could be on the historical registry, but it needs to be restored first so they don't slap all kinds of requirements/code on it.  It has had hundreds of US dignitaries stay there through the years as they came to visit Fork Union Military Academy.  Really neat place!

Here is an old article on the hotel that's interesting...

Back in its heyday, the William Frank Hotel in Fork Union was, to use a term from the past, grand. For a long time it was the only hotel in the county and served the little village for over 30 years.

City Cole of Fork Union is the daughter of original owner, William Frank Snead II. She gave her recollections of some of the early history of the hotel.

William Frank was a Fork Union native and trustee at Fork Union Military Academy. He was a civil engineer working in New Jersey when Dr. Wicker, president of the school, approached him about building a hotel. The families of the cadets (and the chaperoned girlfriends) needed a place to stay when they visited. William agreed to do it. He hired out the job and would come home to supervise the construction.

The hotel was completed in 1929 and City remembers the big celebration. There were dances and parties.

William Frank had a heart attack after the opening and stopped working as an engineer. He moved his wife and five children to Fork Union in 1936.

"We [the kids] didn't want to move. We thought we were moving to the country," said City.

To ease the transition for his kids, William Frank decided to build a pool on the property. "We advocated for the pool," remembers City. "It wasn't a small pool; it was a big pool," she added.

Eventually Mr. Snead opened the pool to the community. It had a large and smaller pool, diving boards, bathhouse, snack bar and was surrounded by a picket fence. It drew a crowd from as far away as Scottsville. "There was nothing like it around here," said City.

The hotel had a restaurant, or "dining room" in those days. Both City and current owner Jay Sherrill mentioned the swinging doors from the kitchen to the dining area. There were two stoves in the kitchen, but the cook staff preferred the wood stove. "They made the most wonderful pies," said City. The hotel even employed a dietician to plan the meals. It served three meals a day.

The William Frank Hotel was a place of activity. At any given time, there might be traveling salesman, cadets' families, or those just passing through staying there. Before interstates, Route 15 was the main north-south highway and the hotel was a stopping point for travelers.

Sometimes the FUMA faculty stayed there. Dr. Wicker and wife stayed there until they moved to the brick president's house built on the Academy's grounds.

Mr. Sherrill has some of the ledgers from the hotel. He recognizes some of the names as Depression era philanthropists and other notable persons.

One interesting entry takes place on Oct. 9, 1939. A Joseph Kennedy of Boston, Mass., signed the ledger. Sherrill has compared the signature and thinks it is "the" Joseph Kennedy, father of Robert, John F. and Edward. Legend has it Joseph may have been checking on his bootlegging interests in Columbia.

City Cole doesn't recollect this story, although she said there was a family friend named Kennedy from Boston who claimed no kin to the famous Kennedy clan.

The hotel was the spot for many a wedding reception and was known for its New Year's Eve celebration. The local Garden Club met there regularly and Job Snead, brother to William, took great care with the grounds. He built a goldfish pond and arboretum on the property. An apple orchard separated the hotel from the pool and City remembers having picnics there.

Fork Union was once a place where city dwellers would go for vacation. City remembers one doctor from Richmond would bring his family every year and stay a week at the hotel. A bathroom separated some of the rooms and families could rent two rooms as a suite. There were also men's and women's bathrooms on each floor.

City remembers country doctors having their monthly meetings there to discus the latest in medicine. Once her son put his hand right through the French doors leading from the lobby to the dining room and she had to fetch the town doctor, Dr. Yeatman, from Sunday service to sew up his arm.

William's other brother, J.P. Snead, was Fluvanna's superintendent of schools and had his office in the back of the hotel.

After William Frank died his wife Isabell ran the hotel into the 1960s. She eventually converted the garages out back into apartments for additional income. The apartments are gone, but the two large maple trees that gave them shade still stand.

Isabell retired from the hotel business and moved into one of the apartments in the converted garage. After she died, the family had a big sale and sold all the furnishings and hotel equipment. Earl Poore of Louisa purchased the 8000-square-foot building in the ‘90s and converted it to apartments. Current owner Jay Sherrill purchased the property in the late ‘90s.

William Frank Hotel For Sale
Jay Sherrill is the current owner of the William Frank Hotel. He's originally from the Tidewater area, but his family has ties to Fork Union. Three generations of his family attended Fork Union Military Academy. His father went to the school there as well as Jay and his son.

Jay's family owned the Old Dominion Inn adjacent to Old Dominion University in Norfolk and Jay ran it for 15 years. The University purchased the 60-room hotel and Jay decided to pick up roots and return to his alma mater.

A FUMA official suggested to Jay that someone needed to buy the aging hotel. "The timing was perfect. I wanted a fresh start," he said. He bought the 4½-acre property with plans to renovate it to a bed and breakfast.

"It's a neat, old building. It has a lot of character. This property will never be replaced. It's a landmark in the county. Something should be done with it," he said.

Jay has gutted the building's interior. He stripped the inside down to the studs and noted, "It's in great shape structurally." City Cole said some of the interior framing is fortified with steel beams.

However, financing for the project fell through. Jay said that 9/11 affected lending to the hospitality industry. Plus, he wanted to do some other things. He concentrates now on managing his rental properties.

"It's a viable project with the right partnership. It will take capital, a vision and a passion to serve people," he said.

Sherrill believes Fork Union is an up and coming community in the county. The county has designated it as an area where growth can occur.

"The community could use another restaurant. Fork Union is a viable place for mom and pop businesses. I want to see something positive happen to the property," he said.

The property is zoned B-1 and water and sewer is available. The government offers renovation tax credits for the building. At the last county assessment, the building was valued around $535,000.

As Jay described it, the building is in the waiting stage and ready to be retrofitted. He envisions the potential of the William Frank Hotel as that of the Inn at Little Washington.

Well...the hotel and lot are only $470K and then all of the land around it is actually worth more than the hotel!  It's the ONLY plot with deeded public sewer and water.  Everyone else has to build septics and dig wells!  It's priced just below assessed value.  Gotta love VA real estate!  Tax assessors price everything for us! Hahaha