Waterfront Turnkey Restaurant, Reedville, VA ESTATE - Welcome to Reedville Market, a Virginia Northern Neck landmark restaurant. This c 1900 waterfront building is situated on Cockrell Creek, close to the Chesapeake Bay at the Reedville Water Tower. This premier property is beautifully maintained and provides a memorable dining experience. The seller inherited this property from his father, who bought it to keep it open and running when the original owner died. Download the Property Information Package for recent appraisal, floor plan, FF&E list, and more. Financials are available with signed Confidentiality/Non-Disclosure Agreement. TOWN OF REEDVILLE - Reedville is the easternmost town on the Northern Neck, on the Chesapeake Bay. Historically a fishing community, it is now a waterfront vacationers and boater’s delight, with many seasonal residents, fisherman and boaters. The charming town has many Victorian homes, some of which are now museums and shops. It’s an easy drive to the larger town of Kilmarnock. TURNKEY OPERATION - Fully renovated during the COVID shutdown, a million dollars was invested. 90% of the kitchen equipment is NEW, and the building has a new roof, systems and other renovations and upgrades. There’s a new dock with 10 boat slips. CURRENT HOURS - The restaurant is currently open for Dinner just Thurs-Saturday, and Sunday Brunch. Karaoke night, live music and private event rentals on occasion. With just 4 meals served per week, there’s huge upside for an energetic new owner/operator to add value and income! IDEAS to increase cash flow: Add to the open hours and meal offerings, encourage special events, introduce a water taxi service that diners can reserve, lease some boat slips long term. Start a fresh ad campaign, add a food market, gift shop, seasonal catering service. Make the customer experience so special that Reedville Market becomes a destination restaurant. BUILDING Finished SQ feet 6,724 per tax record Year Built 1900 Vinyl siding, aluminum trim PROPERTY 1.52 acres, fronting on Cockrell Creek 24 parking spaces Dock with 10 boat slips 130 kilowatt Generac generator 2 1,000 gal propane tanks (leased) PUBLIC SPACES 174 seats, 95% are new, high-top tables. Wood flooring, Edison lighting Acoustic panels on the enclosed porch area buffers noise, and allows for conversation while dining Full-service bar, 20 seats (new owner will need to apply to transfer current liquor license) Cozy lounge/”Dine in the Dark” room with fireplace and string lights Waterfront deck with tables for outdoor dining KITCHEN This Kitchen provides ideal working conditions, with powerful cooling, LED lighting, state of the art cooking equipment, including top of the line, programmable ovens - both propane and electric Separate, well-lit food prep area Walk-in cooler and freezer The generator has a 20-second transfer switch for uninterrupted cooking in the event of a power outage Basement - unfinished - houses the oil furnace (above-ground tank in basement), heat pumps, and hot water heater Parcel ID#: 38-B-1-0-82-0 2024 Tax Assessment: $1,042,500 2024 Annual Taxes: $6,881 Tranzon Key, VAAF423