1518 Orkney Grade Basye, VA 22810
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1518 Orkney Grade
- Year built
- 1928
- Property type
- Retail properties
Description
This exceptional, fully renovated restaurant in Basye, VA, presents a unique investment opportunity. Completed in 2018, the property boasts a comprehensive overhaul, including new plumbing, electrical systems, HVAC, and roofing. The commercial-grade kitchen is equipped with high-end restaurant equipment, fixtures, and furniture (majority included in sale). The first floor encompasses two spacious dining areas with a combined capacity of 220 guests, a bar area ideal for social gatherings or private events, and attractive front and rear porches perfect for outdoor dining. Upstairs, a potential wine bar area and a private event room offer additional revenue streams and event hosting capabilities. The second floor also includes a rear porch. The building totals 4200+ square feet. The property is conveniently situated near Bryce Resort and Orkney Springs Resort, ensuring a steady flow of tourists and local clientele. This turnkey operation is available for purchase at $1.2 million or lease at $3500 per month (first floor, 2100+ square feet). The property's versatile design suits various dining concepts and special event venues. This is an exceptional opportunity to acquire a thriving restaurant business or lease a fully equipped space in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Basye
- County
- Shenandoah
- State
- Virginia
- Longitude
- -78.7898
- Latitude
- 38.807
