$550,000
Pennington Gap, VA 24277
MLS# 9956949
8000 sqft
1 / 15
Property Description
Check out this ready made restaurant, investment and rental property. Restaurant is currently open and serving local customers. Ground area is a restaurant that includes all equipment. Equipment includes, commercial grills, freezers, fridges, deep fryers and the list goes on. The restaurant was recently completely renovated with stained concrete floors, updated kitchen, restrooms, and so much more. This building as so many possibilities. The top floor has 4 apartments (not currently being rented ). But would be great additional income. Building has a ton of storage with lots of extra equipment, freezers, shelving etc. 133' of road frontage on Morgan Ave. 310' of road frontage on Herrell st. Lots of parking. Buyers and buyers agent to confirm all information. Subject to E&O.
Details
Maps
Location, Tax & Legal Info
Street #: 131
Street Name: Harrell
St Suffix: Street
County: Lee
State/Province: VA
Zip Code: 24277
Area: 513 - Lee County
Subdivision: Not In Subdivision
Lot #: JESS
Deed Book #: 464
Deed Page #: 113
Parcel ID: 23e-(8)-76a
City Taxes: 37.5
County Taxes: 92.81
Contract Info
Status: Active
Listing Price: 550000
Current Price: $550,000
List Price/SqFt: 68.75
Listing Date: 2023-09-17
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lease: No
Lot Size: .205
Acres: 0.11
Zoning: commercial
Year Built: 1960
Stories: 3
Total SqFt: 8000
Total SqFt Finished: 7000
Total SqFt Unfinished: 1000
HOA Y/N: No
Remarks & Misc
Public Remarks: Check out this ready made restaurant, investment and rental property. Restaurant is currently open and serving local customers.
Ground area is a restaurant that includes all equipment. Equipment includes, commercial grills, freezers, fridges, deep fryers and the list goes on. The restaurant was recently completely renovated with stained concrete floors, updated kitchen, restrooms, and so much more. This building as so many possibilities. The top floor has 4 apartments (not currently being rented ). But would be great additional income. Building has a ton of storage with lots of extra equipment, freezers, shelving etc. 133' of road frontage on Morgan Ave. 310' of road frontage on Herrell st. Lots of parking. Buyers and buyers agent to confirm all information. Subject to E&O.
Directions: GPS Friendly. Downtown Pennington Gap. Front faces Morgan Ave and restaurant entrance faces Herrell st. Local restaurant name is Roosters Pup
Property Features
Property Condition: Above Average; Average; Updated/Remodeled
Business Type: Residential; Restaurant
Exterior Finish: Brick
Other Equipment: Basement; Cable TV; Dishwasher; Exterior Lights; Freezer; Furniture; Garage Bay(s); Inside Storage; Range; Refrigeration; Refrigerator; Security System
Roof: Shingle
Electric Service: 220 Volts
Development Status: Finished Lot(s)
Heating: Central; Heat Pump
AC: Central Air; Heat Pump; Wall Unit(s)
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Books Available
Restrictions: Road Easement
Financing: Cash; Conventional
Existing Finance: Conventional
Sale Includes: Business Only
Listing Office: Lonesome Pine Realty
Last Updated: February - 20 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.