231 W Main St - Retail FOR SALE


Abingdon, VA 24210
$1,190,000 USD
423-446-0148
231 W Main St, Abingdon, VA for Sale
$1,190,000 USD
Retail - FOR SALE
1/78
null | Request Cap Rate

231 W Main St
Abingdon, VA 24210


HIGHLIGHTS

  • Restaurant building
  • Retail location
  • High traffic area

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B

APN/PARCEL ID

012 1 68

ASK ABOUT THIS PROPERTY

Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

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Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

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