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    2849 Main St Hot Springs, VA 24445

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    For Sale
    $2,240,000

    Fully operational restaurant for sale in Hot Springs, Virginia.

    Property size:
    5,009 SF
    Lot size:
    0.23 Acres

    Property Features for 2849 Main St

    General Information

    Size
    5,009 SF
    Lot size
    0.23 Acres

    Source: Poe & Cronk Real Estate Group Agent Stephen Pendergrass

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

    Overview

    Established Restaurant in Allegheny Highlands

    Sam Snead's Tavern, located at 2849 Main St, Hot Springs, VA, is presented for sale. This fully operational and historically branded restaurant is situated in the heart of Virginia’s Allegheny Highlands tourism corridor, directly across the street from the newly renovated Omni Homestead Resort. The property offers an opportunity to acquire an investment-ready asset positioned for immediate ROI and long-term growth in a stable, year-round destination market. The Tavern blends heritage, flavor, and tradition, offering timeless charm and elegance of Southern hospitality. The property size is 5009 square feet.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Restaurant Gym & Fitness Clothing Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Bath
    State
    Virginia
    Longitude
    -79.8314779
    Latitude
    37.999563

    Nearby Similar for Sale

    • $1,325,000

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    • $440,000
      1,844 SF

      Hot Springs Dentist Office Building

      Leased dentist office generating over $43,000 per year.
      6084 Sam Snead Hwy, Hot Springs, VA 24445
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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant for sale in Hot Springs, Virginia.
    Where is this restaurant located?
    The property is located at 2849 Main St Hot Springs, VA.
    What is the asking price?
    The asking price for this property is $2,240,000.
    What are key features of this property?
    This property features: - Fully operational and historically branded restaurant (Sam Snead's Tavern).; - Located directly across from the Omni Homestead Resort.; - Positioned for immediate ROI and long-term growth.
    (540) 982-2444
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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
    2849 Main St Hot Springs, VA 24445
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