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    6714 Main St Gloucester, VA 23061

    Sponsored
    For Sale
    $550,000

    Historic Restaurant, Established Clientele

    Property size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,600 square foot restaurant, located at 6714 Main St in Gloucester, Virginia, presents a unique investment opportunity. Built in 1932, this B-2 zoned property boasts a rich history and a loyal customer base, having operated almost continuously since its inception. The property sits on a 0.2-acre lot and offers a modern kitchen, perfectly equipped for continued culinary success. An added bonus is an upstairs apartment, ideal for owner occupancy or generating additional rental income. Situated in the heart of Gloucester Village, a certified Main Street community, this restaurant benefits from a thriving downtown area filled with independent businesses and a strong local economy. Its prime location offers easy access to county offices, the courthouse, and Riverside Walter Reed Hospital, all within five minutes. Furthermore, it's within walking distance of several popular local businesses, including Ace Hardware, Gloucester Brewing Company, Kelsick Market, and Ware Neck Produce, ensuring high foot traffic and visibility. The asking price is $550,000, translating to $211.54 per square foot. This is a rare chance to acquire a well-established, profitable restaurant in a desirable location.

    Property Features for 6714 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    2,600 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1932

    HighLights

    • 2,600 SF restaurant on 0.2‑acre lot in Gloucester, VA.
    • B‑2 zoning, built in 1932, with a loyal customer base.
    • Modern kitchen, plus an upstairs apartment for owner occupancy or rental income.
    • Prime location in Gloucester Village's thriving downtown, near county offices, courthouse, and Riverside Walter Reed Hospital.
    • High foot traffic and visibility near popular local businesses.
    • Asking price: $550,000 ($211.54/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.522617164606
    Latitude
    37.412945041054

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    FAQs

    What type of property is this?
    Restaurant - Historic Restaurant, Established Clientele
    Where is this restaurant located?
    The property is located at 6714 Main St Gloucester, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2,600 SF restaurant on 0.2-acre lot in Gloucester, VA.; B-2 zoning, built in 1932, with a loyal customer base.; Modern kitchen, plus an upstairs apartment for owner occupancy or rental income.
    Request Owner's contact information
    6714 Main St Gloucester, VA 23061
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    Gloucester, VA 23061
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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
    6714 Main St Gloucester, VA 23061
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