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    41 South Main St Kilmarnock, VA 22482

    For Sale
    $895,000

    Commercial - Kilmarnock, VA

    Property size:
    9,910 SF
    Days on Market:
    77
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 41 South Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    C-1
    APN
    23A-22H-1,1A,1B
    Interior features
    Equipment Included, Security System, Wet Sprinkler System
    Size
    9,910 SF

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1900
    Flooring type
    Concrete
    Building materials
    Brick, Frame
    Roof type
    Wood
    Architectural style
    Other

    IsaBell K. Horsley Real Estate (804) 758-2430 [email protected]

    Listing agent David & Kathleen Dew (804) 758-2430

    Listing date Sep 28, 2025

    MLS# 116127 Listing URL

    Copyright © 2025 Northern Neck 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.

    Overview

    Downtown Kilmarnock Investment Opportunity

    This commercial building, located in Downtown Kilmarnock, presents an investment opportunity. The property houses three thriving businesses, with Chao Phraya and Popcorn Bag operating under long-term leases. Rivah Antiques & Accessories is currently owned by the seller and could be included in the sale. The building has a new metal roof installed in April 2024, along with a new flat roof in the back. New heat pumps were installed in 2024, and the restaurant has a new compressor for its walk-in cooler. Most of the commercial kitchen equipment, chairs, and tables will convey with the restaurant. The entire building is equipped with a commercial sprinkler system that has been regularly inspected. The building is in good condition and ready for a new owner. The buyer will be required to honor the existing tenant leases. The total area of the property, including outside areas, is 9910 square feet. The lot size is 0 acres. The property is zoned C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northern Neck Popcorn ... Popcorn Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kilmarnock
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.3803118
    Latitude
    37.7101501

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    FAQs

    What type of property is this?
    Restaurant - Three thriving businesses in historic Kilmarnock building with positive cashflow.
    Where is this restaurant located?
    The property is located at 41 South Main St Kilmarnock, VA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Positive cash flow from 3 thriving businesses, including two with long-term leases (Chao Phraya and Popcorn Bag).; - Brand new metal roof (installed April 2024) and new heat pumps (2024).; - Historically significant building in Downtown Kilmarnock, one of the few that survived the 1909 fire.
    (804) 758-2430
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    41 South Main St Kilmarnock, VA 22482
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    Kilmarnock, VA 22482
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 South Main St Kilmarnock, VA 22482
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