Historic Restaurant and
For Sale
$619,900
222 MAIN ST, Dayton, VA 22821
COMMERCIAL - DAYTON, VA
Property Size8,244 SF
Lot Size0.46 Acres
Price / SF$75.19
Days on Market568
Property Features for 222 MAIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2 Business (General)
Subdivision
Rockingham
Standard status
Active
APN
107 D2- (A)- L100
Size
8,244 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Heating system
Natural Gas, Electric (Heating), Hot Water(Heating), Forced Air
Cooling system
Wall Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1815
Roof type
Metal
Listing Agency:
Cottonwood Commercial LLC
(540) 434-9922
Listed By:
Ashley Swartz · License ##0225103133
(540) 434-9922
Added: Jan 14, 2025
Changed: Aug 5
Last Checked: Aug 5 at 6:06PM
MLS# 660026
Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Thomas House Restaurant & Inn is an open and operating hospitality property offered turn-key, with furniture, fixtures, and equipment included. The original dwelling was built in 1815 with an 1854 addition, and a restaurant addition was added in 1960. The property includes an operating restaurant with ample seating and private rooms in the home for serving groups and parties.
The inn portion features five bedrooms and four baths, plus a 1 bed/1 bath apartment and an unfinished basement with a private entrance and bath rough-in, previously used as a second apartment. The listing also notes the property has been operating continuously since the 1960s, supporting a live-work concept.
The property is located at 222 Main St in Dayton, Virginia. Zoning is B-2 Business (General). Lot size is approximately 0.46 acres and the property size is listed as 8,244 square feet.
The inn portion features five bedrooms and four baths, plus a 1 bed/1 bath apartment and an unfinished basement with a private entrance and bath rough-in, previously used as a second apartment. The listing also notes the property has been operating continuously since the 1960s, supporting a live-work concept.
The property is located at 222 Main St in Dayton, Virginia. Zoning is B-2 Business (General). Lot size is approximately 0.46 acres and the property size is listed as 8,244 square feet.
Key Highlights
- Thomas House Restaurant & Inn in historic downtown Dayton, VA, open and operating
- Original dwelling built in 1815 with an 1854 addition; restaurant addition added in 1960
- Home has 5 bedrooms and 4 baths, plus a 1 bed/1 bath apartment; unfinished basement with private entrance
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.7k | $15.00 |
| − Vacancy | −$18.5k | −$2.25 |
| EGI | $105.1k | $12.75 |
| − OpEx | −$55.2k | −$6.69 |
| NOI | $49.9k | $6.06 |
8,244 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,430 @ 7.0% cap · market cap 20.40%
Second Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,720 @ 7.0% cap · market cap 15.44%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,915 @ 7.0% cap · market cap 28.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 22821, VA
5,848
Population
2,493
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
72.5 sq mi
ZIP Area
81
Density / Sq Mi
$81,667
Median Household Income
$38,424
Median Earnings
$979
Median Rent
$252,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Turn-key historic restaurant and inn with ample seating, private group rooms, and onsite living space.
Where is this bed & breakfast located?
The property is located at 222 MAIN ST Dayton, VA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Thomas House Restaurant & Inn in historic downtown Dayton, VA, open and operating; Original dwelling built in 1815 with an 1854 addition; restaurant addition added in 1960; Home has 5 bedrooms and 4 baths, plus a 1 bed/1 bath apartment; unfinished basement with private entrance
