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231 W Main St 7,268 SF 100% Leased Retail Building Abingdon, VA 24210 $999,000 ($137.45/SF)
INVESTMENT HIGHLIGHTS
- Restaurant building
- High traffic area
- Retail location
EXECUTIVE SUMMARY
Turn Key Restaurant in the heart of Abingdon VA that is ready to run tomorrow! Formerly The Peppermill, as it can still be seen on websites such as tripadvisor, was a successful venue with a great reputation. Quality food in a clean and historic home that was built in 1909. Directly in the center of a growing community that has long standing icons such as The Barter Theater and Martha Washington Inn within a city block away. The Creaper Trail and many other activities are only moments away. The Pinnicle Shopping and Entertainmet area, Bristol Motor Speedway and the brand new Hardrock Hotel and Casino are just a couple of exits away! This is a place that locals loved and many others came from far away to enjoy the setting, food and cocktails! The interior is simply stunning with approximately 6500 square feet...Fireplaces in almost every room, meticulously restored, decorated perfectly and fully functional as a restaurant with a seating capacity of 100 including the 25 on the covered porch. Fully wired sound system, POS computers for orders and accounting, full commercial kitchen with a separate bakery and both have hoods. Most of the kitchen refrigeration systems are new. There is a walkin freezer, beer cooler and tap system in place for 10 taps, full bar set up and ready to run. All plates, napkins, everything you see stays. It simply needs someone to walkin, invite friends and cook. There is a city parking lot across the street. There is also a seperate house that goes with the property. The lower level is storage and the walk in freezer and there is a 1 bedroom apartment upstairs. New roofs on both of those buildings! They Have hosted many large groups….tour buses going to Barter Theatre, wedding rehearsal dinners, corporate and private Christmas parties, have had several weddings performed on the beautiful staircase, and much more. Has been a beloved restaurant in Abingdon for 21 years. Abingdon won USA Today’s TOP 10 SMALL TOWN FOOD SCENE 3 years in a row.
Come and see your new restaurant or incredible B and B today!
Come and see your new restaurant or incredible B and B today!
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,268 SF
Building Class
C
Year Built
1906
Price
$999,000
Price Per SF
$137.45
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.43
Lot Size
0.39 AC
Zoning
B
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 012-1-68 | Improvements Assessment | $863,300 |
| Land Assessment | $261,400 | Total Assessment | $1,124,700 |
PROPERTY TAXES
Parcel Number
012-1-68
Land Assessment
$261,400
Improvements Assessment
$863,300
Total Assessment
$1,124,700
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231 W Main St
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