123 Main St, Lovingston, VA 22949
This 1,476 square foot retail space in Lovingston, Virginia, presents a unique investment opportunity. Located at 123 Main St, in Nelson County (zip code 22949), this property boasts a prime location within a thriving business district. Built in 1900 and extensively renovated in 2023, the single-story building offers a modern, updated interior featuring brand new flooring and ceilings. The space is currently vacant, with an occupancy date of November 1, 2024, and is ideal for a variety of uses, including a bar, convenience store, or restaurant. Key features include a newly installed kitchen with modern appliances, a stylish bar countertop, a tempered walk-in refrigeration unit, high-quality freezers and refrigerators, and a convenient storage shed. Seller financing or leasing options are available, providing flexibility for potential buyers or tenants. This turnkey operation is ready for immediate use, offering a blend of historical charm and contemporary amenities. The asking price is $430,000. This exceptional retail space combines modern conveniences with a prime location, making it an attractive investment prospect.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.