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    OFF-MARKET
    Retail properties & Spaces

    3199 Frk Rd, Elliston, VA 24087

    3,516 SF 2.53 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1970
    Total area 3,516 SF
    Lot 2.53 ac (110,207 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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