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2175 Hankey Mountain Hwy 2,468 SF 100% Leased Retail Building Churchville, VA 24421 $349,000 ($141.41/SF) 5.50% Cap Rate
Investment Highlights
- Restaurant Use
- Retail Use
- Office Use
Executive Summary
Step into a piece of local history with this unique commercial opportunity. Originally built in 1929, it was fully restored from 2012-2016 by the current owner. During this renovation the building was updated to keep its original charm but update to modern standards needed to run a business. This well known property has served the community for generations, most recently as the home of White's Wayside. The main level is equipped for restaurant operations and offers ample space to bring your own vision to life with a kitchen, dining room, waiting room, 2 bathrooms, and more. Upstairs you'll find 2 additional rooms, a full bathroom, and ample storage space. This is a rare opportunity to own a landmark property with character, history, and endless possibilities in the heart of the mountains. The large 198 solar panel array is on an easement that also helps with electricity payments. An updated commercial septic system that can be used for up to 28 seats for a restaurant or diner. Onsite paved parking with 14 spaces for patrons + gravel. The building is serviced by 4 HVAC units, propane for cooking, 40kW Generator, & walk in cooler. Onsite water treatment/softener systems conveys with the property. Buy a piece of local history today!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,468 SF
Building Class
C
Year Built
1929
Price
$349,000
Price Per SF
$141.41
Cap Rate
5.50%
NOI
$19,195
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.07
Lot Size
0.78 AC
Zoning
GA - GA (special use permit in place to operate restaurant)
Parking
14 Spaces (5.67 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
- Backup Power / Generators
- Solar Panels
- Cafe
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 015-21 | Improvements Assessment | $283,400 |
| Land Assessment | $60,000 | Total Assessment | $343,400 |
Property Taxes
Parcel Number
015-21
Land Assessment
$60,000
Improvements Assessment
$283,400
Total Assessment
$343,400
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Presented by
RVA Realty
2175 Hankey Mountain Hwy
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