115 N Mecklenburg Ave - Restaurant FOR SALE


South Hill, VA 23970
$385,000 USD
888-621-2110
115 N Mecklenburg Ave, South Hill, VA for Sale
$385,000 USD
Restaurant - FOR SALE
1/32
null | Request Cap Rate

115 N Mecklenburg Ave
South Hill, VA 23970


HIGHLIGHTS

  • 3,250 SF Fully Renovated- new roof, systems, FF&E
  • Possible Restaurant Franchise/Brewery or Pub/Catering
  • 50-60 person capacity, possible outdoor patio expansion
  • Well-located c 1950 former ABC Store

OVERVIEW

There will be an Open House on Wed. 4/2 @ 10:30AM - 12:00PM ET Restaurant/Taphouse Bldg w/FF&E Turn this immaculate and move-in ready building into the small business of your dreams! South Hill is eager to welcome a new local restaurant, sports bar, taphouse, brew pub, café, bakery, coffee shop or other concept to this centrally located space. South Hill is an expanding hub town of Southside Virginia, within 20 minutes of the Microsoft Data Center and Buggs Island & Lake Gaston recreation areas. Originally built as an ABC store, this brick building has been fully renovated with over $350,000 invested in upgrades and equipment. New rubber roof, 3-zone HVAC, internal Wi-Fi system, TVs, stereo system and computer equipment, 15-tap draft beer dispenser system, kitchen equip, and other furnishings. Current owner planned to open a Zero's sub franchise with evening brew pub hours. There is no drop ceiling in the rear area of the building to accommodate brewing tanks and any future buildout. Negotiate a long-term lease arrangement with the town of South Hill for outdoor space to expand capacity. Columbia Natural Gas connection is available to the building. In addition to the real estate, the FF&E that conveys has significant value. Get in touch for the Property Information Package for complete list of assets and floorplan layout concept. This building is in a VA Enterprise and Opportunity Zone, with grants available for both the real estate and job creation.

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,666 SF

ZONING

-

APN/PARCEL ID

24344

ASK ABOUT THIS PROPERTY

Linda TerryTranzon KeyMore Info
888-621-2110

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Linda TerryTranzon KeyMore Info
888-621-2110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.