1518 Orkney Grade Basye, VA 22810
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.