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231 W Main St Abingdon, VA 24210

For Sale
$999,000

Ready-to-operate restaurant with historic charm in a prime location.

Lot size:
0.40 Acres

Property Features for 231 W Main St

General Information

Lot size
0.40 Acres

Source: Coldwell Banker Security Real Estate Agent Jason Johnston

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Turn-Key Restaurant in Historic Abingdon

This turn-key restaurant, formerly The Peppermill, is located in the heart of Abingdon, Virginia. The property, situated in a meticulously restored historic home built in 1909, offers approximately 6500 square feet of space. The interior features fireplaces in almost every room and is decorated to create a stunning atmosphere. The restaurant has a seating capacity of 100, including 25 on the covered porch. It is equipped with a fully wired sound system, POS computers, and a full commercial kitchen with a separate bakery, both featuring hoods. Most of the kitchen refrigeration systems are new, and there is a walk-in freezer, beer cooler, and a tap system in place for 10 taps, along with a full bar setup. All plates, napkins, and other visible items are included. The property is located in a growing community, near landmarks such as The Barter Theater and Martha Washington Inn. The Creeper Trail and other activities are nearby, and The Pinnacle Shopping and Entertainment area, Bristol Motor Speedway, and the Hard Rock Hotel and Casino are a short drive away. The property includes a separate house with a storage area, walk-in freezer on the lower level, and a 1-bedroom apartment upstairs. Both buildings have new roofs. The restaurant has hosted tour buses going to Barter Theatre, wedding rehearsal dinners, corporate and private Christmas parties, and weddings. Abingdon has been recognized as a top small-town food scene by USA Today for three years in a row. The property could also be used as a bed and breakfast.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Peppermill New American Restaurant The Peppermill Restaurant

Suggested Use

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

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

Similar Places Nearby

Hen House Farm to Table

Location Insight

  • Map
  • Local Demand
City
Abingdon
County
Washington
State
Virginia
Longitude
-81.9789287
Latitude
36.7096095

FAQs

What type of property is this?
Restaurant - Ready-to-operate restaurant with historic charm in a prime location.
Where is this restaurant located?
The property is located at 231 W Main St Abingdon, VA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - Turn-key restaurant with all equipment, furnishings, and systems included.; - Prime location in the heart of Abingdon, near Barter Theater, Martha Washington Inn, and other attractions.; - Historic building (built in 1909) with meticulously restored interior, fireplaces, and covered porch seating.
More about this property
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