130 Commerce St 4,368 SF Retail Building Suffolk, VA 23439 $450,000 ($103.02/SF)
INVESTMENT HIGHLIGHTS
- Brand-new membrane roof
- Fully equipped commercial kitchen
- Large outdoor patio space for customer seating
EXECUTIVE SUMMARY
Dreaming of owning your own restaurant? Here is your chance to purchase a turnkey restaurant and building in downtown Suffolk. The 4300 square foot building alone is worth is the price with a brand-new membrane roof, large outdoor patio space, and located next to a large free city parking lot – a huge convenience for your customers. The restaurant has a loyal following, is fully equipped with a large commercial kitchen, including a four year young hood system. The building could be eligible for up to $10,000 from Suffolk’s Facade Improvement Program and another $10,000 through Suffolk’s Small Business Improvement Grant. Whether you are looking for a restaurant, or just a solid investment property downtown call today for your private tour.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,368 SF
Building Class
B
Year Built
1964
Price
$450,000
Price Per SF
$103.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.18 AC
Zoning
CENTRAL BU
Parking
10 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
71’ on Bank St
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 352872000 | Improvements Assessment | $218,300 |
| Land Assessment | $44,200 | Total Assessment | $262,500 |
