Log In/Sign Up
Your email has been sent.
18928 US Highway 58 8,702 SF Retail Building Castlewood, VA 24224 $550,000 ($63.20/SF) 2.20% Cap Rate
Investment Highlights
- Drive Thru
- 2,320 sq/ft and is leased for office use
Executive Summary
For nearly 60 years this drive-in restaurant has been in business serving the public with a reputation as a landmark destination for good food. The property is .99 acre with 4 structures on it. The primary building is the restaurant that is fully equipped and is 4,590 sq/ft. Another structure is 2,320 sq/ft and is leased for office use. A third building is a 1,792 sq/ft manufactured doublewide home that could also be for use or rental income. The fourth building is a smaller brick building. Please contact the listing broker for any questions, more information, and to schedule a property showing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,702 SF
Building Class
C
Year Built
1967
Price
$550,000
Price Per SF
$63.20
Cap Rate
2.20%
NOI
$12,087
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.99 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 156LILE3337 | Improvements Assessment | $294,900 |
| Land Assessment | $129,400 | Total Assessment | $424,300 |
Property Taxes
Parcel Number
156LILE3337
Land Assessment
$129,400
Improvements Assessment
$294,900
Total Assessment
$424,300
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
18928 US Highway 58
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.