1607 Magnolia Ave - Retail FOR SALE


Buena Vista, VA 24416
$649,000 USD
843-232-6998
1607 Magnolia Ave, Buena Vista, VA for Sale
$649,000 USD
Retail - FOR SALE
1/31
null | Request Cap Rate

1607 Magnolia Ave
Buena Vista, VA 24416


HIGHLIGHTS

  • Heavy Traffic
  • Rustic family friendly

OVERVIEW

**Commercial Real Estate Listing: Turnkey Restaurant with Versatile Additional Property** **Property Overview:** - **Address:** 1607 A & B Magnolia Ave, Buena Vista, Virginia 24416 - **Price:** $649,000 - **Type:** Commercial Real Estate (Restaurant and Additional Building) - **Main Restaurant Size:** Approximately 2,500 sq. ft. - **Additional Building Size:** Approximately 1,500 sq. ft. - **Occupancy:** 60 indoor, 60 outdoor - **Zoning:** Commercial (can be changed with city approval) **Description:** Discover this incredible opportunity to own a turnkey restaurant located in a prime area of Virginia, directly between Route 501 and Magnolia Avenue, ensuring consistent traffic and visibility. Around 5 miles from interstate I81. Currently operating as a BBQ and family-style restaurant, this well-established business is ready for you to step in and start serving customers from day one. The main restaurant features a rustic setting with a spacious indoor dining area accommodating up to 60 guests, as well as an outdoor patio that can seat another 60 patrons. Equipped with a large built-in smoker and a commercial Italian pizza oven, this restaurant is perfect for a variety of culinary styles. The full-service bar is a fantastic addition, complete with multiple TVs for sports events, making it an ideal spot for gatherings and celebrations. **Additional Property:** Directly across the parking lot, you will find a charming rustic building with a wrap-around porch. Once a seafood restaurant, this 1,500 sq. ft. space is currently used as a food prep kitchen and owner-occupied living quarters. The large prep kitchen is fully equipped and could easily serve as a continuation of the current operation or be transformed into another business venture. The versatility of this building allows for a range of possibilities, including: - Owner-occupied living quarters - Rental property or AirBnB - Additional business venture - Rental for local college students **Features:** - Turnkey operation with established customer base - High visibility with consistent traffic flow - Outdoor patio with scenic views - Full-service bar with multiple TVs - Large prep kitchen in additional building - Ample parking space **Location:** Situated in a bustling area between Route 501 and Magnolia Avenue, this property benefits from significant vehicle traffic. The restaurant is conveniently located near local amenities, making it a popular destination for both locals and visitors. **Opportunities:** With both properties offering a wealth of possibilities, you can continue the successful restaurant business while exploring additional income streams with the adjacent building. Whether you want to expand your culinary offerings, create a rental space for additional revenue, or live on-site, the options are endless. **Schedule a Tour:** Don’t miss out on this unique opportunity to own a thriving restaurant with additional potential. Contact us today to schedule a private tour or for more information. **Owner Agent Contact:** - **Name:** Brian Rowsey - **Phone:** (843) 232-6998 - **Email:** brianrowsey@icloud.com Take the next step in your culinary journey and invest in this incredible property today!

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Fast Food, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

41- 1- 2-20- 15

ASK ABOUT THIS PROPERTY

Brian Rowsey501 Roadhouse, LLCMore Info
843-232-6998

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Brian Rowsey501 Roadhouse, LLCMore Info
843-232-6998

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