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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1518 Orkney Grade Basye, VA 22810

Built 1928
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1928
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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