Listing Agency: TCI Group – Jerry Petzoldt Agency LLC g***@tcigroup.com Show Phone

Listed By: Glenn Perkins · License #VA 0225224327

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 2:04AM

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Investment Insights

Based on property information with market context.

This sale includes a 3,200-square-foot, full-service restaurant building at 1023 Hwy 23, Weber City, Virginia. The restaurant has been operating since the 1950s, and the current owners have operated the business for more than 17 years with plans to continue. The transaction is for the restaurant building only, as the owner will retain the adjacent strip center and associated subdivided land. Restaurant furniture, fixtures, and equipment are negotiable, with owner assistance to new owners possible.

The property fronts a four-lane Hwy 23 and is positioned near the Tennessee/Virginia state line along the Hwy 23 Holston River bridge. Public remarks describe the location as busy, with high traffic counts, and note a loyal customer base.

For buyers looking for a turn-key restaurant option, excellent financials are available to qualified investment buyers or owner-operators.

Key Highlights

• 3,200 SF full‑service restaurant building for sale, fronting four‑lane Hwy 23 in busy Weber City
• Restaurant has been open since the 1950s; current owners have operated for more than 17 years
• Owner retains the adjacent strip center and the associated subdivided land

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store HVAC Service Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

97

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 24290, VA

1,777

Population

1,004

Households

1.8

Avg Household Size

51

Median Age

10%

College-Educated

89%

High-School Grad

5.0 sq mi

ZIP Area

355

Density / Sq Mi

$60,529

Median Household Income

$41,637

Median Earnings

$803

Median Rent

$165,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Full-service restaurant building with frontage on four-lane Hwy 23 and negotiable furniture, fixtures, and equipment.

Where is this conventional restaurant located?

The property is located at 1023 Hwy 23 Weber City, VA.

What are key features of this property?

This property features: 3,200 SF full‑service restaurant building for sale, fronting four‑lane Hwy 23 in busy Weber City; Restaurant has been open since the 1950s; current owners have operated for more than 17 years; Owner retains the adjacent strip center and the associated subdivided land