Multi-Tenant Retail and Restaurant Building

41 43 45 S Main Street Kilmarnock, VA 22482

Claim this Listing
For Sale
$820,000

COMMERCIAL - KILMARNOCK, VA

Property size:
9,910 SF
Lot size:
0.23 Acres
Price / SF:
$82/SF
Added:
Apr 26, 2024
Days on Market:
807
Last Refresh:
Jul 11 at 6:06 am

Property Features for 41 43 45 S Main Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Standard status
Active
APN
23A-22H-1,1A,1B
Size
9,910 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Annual Amount
2483

Building Details

Year built
1900

Listing agent David & Kathleen Dew

Listing office Isabell K. Horsley R. E., Ltd. P.O. Box 44, Urbanna, VA

Listing date Apr 26, 2024

MLS# 116127

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This multi-tenant storefront building is configured to support three businesses operating under long-term leases. Chao Phraya and Popcorn Bag are the currently leased tenants, while the seller owns Rivah Antiques & Accessories, which could convey with a successful sale. The property includes a commercial sprinkler system that has been inspected regularly. Recent capital improvements include a brand-new metal roof installed in April 2024, along with a new flat roof at the rear. Additional 2024 updates include new heat pumps, and a new compressor for a walk-in cooler tied to the restaurant operation. Selected commercial kitchen equipment, chairs, and tables for the restaurant are included with the sale, and the buyer must honor existing leases for all tenants.

Located in downtown Kilmarnock on South Main Street, the building’s reported 1909 fire survival is a notable part of its history. The listing notes that square footage includes outside areas.

For buyers or operators looking for a centrally positioned retail property with an in-place tenant base, the combination of multi-tenant occupancy, lease continuity requirements, and 2024 roof and HVAC improvements can simplify near-term property management. The current restaurant setup is also supported by included equipment and an operating mechanical system, subject to the existing lease structure.

Key Highlights

  • Positive cash flow from 3 thriving businesses with long‑term leases in place.
  • New metal roof (April 2024) and new flat roof in back.
  • New heat pumps (2024) and new compressor for restaurant walk‑in cooler.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Northern Neck Popcorn ... (Bike/Boat/Book/etc) Store

Suggested Use

Garden Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

FAQs

What type of property is this?
Storefront property - Three established businesses under lease, with recent roof and 2024 mechanical updates, in a C-1 zoned downtown building.
Where is this storefront property located?
The property is located at 41 43 45 S Main Street Kilmarnock, VA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Positive cash flow from 3 thriving businesses with long‑term leases in place.; New metal roof (April 2024) and new flat roof in back.; New heat pumps (2024) and new compressor for restaurant walk‑in cooler.
Contact an agent
More about this property
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