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    3199 Fork Rd Elliston, VA 24087

    Sponsored
    For Sale
    $349,900

    Established Restaurant, Mountain Views, 3516 SF

    Property size:
    3,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,516 square foot restaurant located at 3199 Northfork Road, Elliston, VA 24087, presents a unique investment opportunity. Previously a successful Italian restaurant with seating for up to 72 guests, this turnkey establishment includes all business equipment. The property boasts a reliable standby generator and efficient propane heating, ensuring year-round operation. Situated on a 2.53-acre lot, the building offers a cozy yet spacious interior ideal for dining and events, complemented by stunning mountain views. Ample parking is available. Built in 1970, this property benefits from its established history as a beloved local eatery and offers significant potential for mixed-use development given the expansive lot size. The asking price is $349,900. Additional photos are forthcoming.

    Property Features for 3199 Fork Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,516 SF
    Lot Size
    110,207 SF

    Building Details

    Year Built
    1970

    HighLights

    • 3,516 SF restaurant on 2.53 acres in Elliston, VA.
    • Turnkey operation with all equipment included; previously a successful Italian restaurant.
    • Seating for 72 guests, ample parking, and stunning mountain views.
    • Features a standby generator and propane heating.
    • $349,900 asking price; potential for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elliston
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.2839391
    Latitude
    37.2132291

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Mountain Views, 3516 SF
    Where is this restaurant located?
    The property is located at 3199 Fork Rd Elliston, VA.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: 3,516 SF restaurant on 2.53 acres in Elliston, VA.; Turnkey operation with all equipment included; previously a successful Italian restaurant.; Seating for 72 guests, ample parking, and stunning mountain views.
    Request Owner's contact information
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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

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    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
    3199 Fork Rd Elliston, VA 24087
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