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Property profile & analytics
FOR SALE
Commercial real estate

7783 Main St Middletown, VA 22645

20,820 SF 3.88 ac lot Built 1797
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US87-0847023
Property summary
AI-generated overview

The Wayside Inn, a historic landmark in Middletown, VA, presents a unique commercial opportunity. This 18th-century property features 22 suites, each with its own bathroom. The restaurant and pub currently operate under a two-year lease. Situated on nearly four acres of B1-zoned land, the property offers significant expansion potential. Allowed uses under the B1 zoning include a wide range of commercial ventures, such as restaurants (excluding fast-food), hotels, retail stores, office buildings, and more. The expansive grounds provide ample space for outdoor amenities or additional structures. Its location in the Shenandoah Valley, with easy access to major transportation routes and nearby attractions, makes it ideal for a thriving business. The property is prime for an owner-occupant and offers potential for lease options and owner financing. This is a rare chance to acquire a piece of history with substantial commercial potential, allowing for the creation of a vibrant commercial hub within a picturesque setting. The property's rich history and versatile zoning create a unique investment opportunity for entrepreneurs and developers alike. This is a chance to transform a historic landmark into a cornerstone of the Middletown community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1797
Construction FRAME
Total area 20,820 SF
Lot 3.88 ac (169,013 SF)
Zoning code NEIGHBORHOOD BUSINESS
APN 91B1-B-11
UPID US87-0847023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wayside Inn & Larrick's Tavern Hotel & Motel
  • WI Wedding Planner Wedding Service Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k
Owner & transaction history
Hgh Finnigan Resources LLC · 5 yrs held
Hgh Finnigan Resources LLC
since 2021
Last sale
$650,000
4 recorded transactions
2021
$650,000
2013
$750,000
2007
Price N/A
1969
Price N/A
Zoning & alternative use
NEIGHBORHOOD BUSINESS · Middletown, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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