Freestanding Restaurant
For Sale
Contact for pricing
63 Market Street, Palmyra, VA 22963
Freestanding restaurant property is fully leased through 12/31/2031 with on-site parking near Route 15 access.
Property Size3,936 SF
Lot Size0.52 Acres
Days on Market96
Property Features for 63 Market Street
General Information
Standard status
Active
Size
3,936 SF
Lot size
0.52 Acres
Property subtype
Retail
Zoning
R-3
Additional Details
Highway Access
Yes
Building Details
Building Size
3,936 SF
Tenancy
Single
Listing Agency:
MacKenzie Commercial Real Estate | Charlottesville
Listed By:
Sam P. Orr
(434) 818-7788
Source:
Mackenziecommercial
Added: Jun 1
Changed: Aug 10
Last Checked: Sep 2 at 1:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate | Charlottesville
Investment Insights
Based on property information with market context.
63 Market Street is a freestanding restaurant investment opportunity featuring a single building designed for restaurant use. The property totals 3,936 SF on 0.52 acres, and it is fully leased to Hometown Grill through 12/31/2031, providing long-term income potential for buyers seeking an operating asset.
Strategically positioned near Route 15 in Palmyra, Virginia, the site offers convenient access for regional traffic. The surrounding area includes the Lake Monticello community and is near national retailers such as Food Lion, Tractor Supply Co., and Dollar General, supporting a steady draw of nearby customers.
With ample parking on-site, the property can appeal to investors looking for a stable, leased retail restaurant format, as well as operators who value visibility and easy customer access. Its location near major retail and regional traffic routes may also make it a practical fit for restaurant concepts or other high-volume service uses consistent with the existing off-street parking configuration.
Strategically positioned near Route 15 in Palmyra, Virginia, the site offers convenient access for regional traffic. The surrounding area includes the Lake Monticello community and is near national retailers such as Food Lion, Tractor Supply Co., and Dollar General, supporting a steady draw of nearby customers.
With ample parking on-site, the property can appeal to investors looking for a stable, leased retail restaurant format, as well as operators who value visibility and easy customer access. Its location near major retail and regional traffic routes may also make it a practical fit for restaurant concepts or other high-volume service uses consistent with the existing off-street parking configuration.
Key Highlights
- Freestanding 3,936 SF retail building leased to Hometown Grill through 12/31/2031
- 0.52‑acre site with ample on‑site parking for high‑volume retail or professional use
- Strategically positioned near Route 15 with access for regional traffic
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22963, VA
16,279
Population
7,107
Households
2.3
Avg Household Size
45
Median Age
42%
College-Educated
98%
High-School Grad
124.7 sq mi
ZIP Area
131
Density / Sq Mi
$100,761
Median Household Income
$48,247
Median Earnings
$1,419
Median Rent
$294,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property is fully leased through 12/31/2031 with on-site parking near Route 15 access.
Where is this conventional restaurant located?
The property is located at 63 Market Street Palmyra, VA.
What are key features of this property?
This property features: Freestanding 3,936 SF retail building leased to Hometown Grill through 12/31/2031; 0.52‑acre site with ample on‑site parking for high‑volume retail or professional use; Strategically positioned near Route 15 with access for regional traffic
