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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1518 Orkney Grade Basye, VA 22810

4,218 SF 0.81 ac lot Built 1928
Property ID
Property summary
AI-generated overview

This beautifully renovated, high-end restaurant in Basye, Virginia, presents a unique investment opportunity. The 4,218 square foot building, situated on a 0.814-acre lot, boasts a meticulously upgraded interior completed in 2018. Improvements include new plumbing, electrical, HVAC systems, and a roof. The commercial-grade kitchen is fully equipped with high-end restaurant equipment, fixtures, and furniture (majority included in sale). The first floor features 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. The second floor offers potential for a wine bar or private event space, complete with its own rear porch. The property is zoned commercial and benefits from public water and sewer. Conveniently located near Bryce Resort and Orkney Springs Resort, this restaurant enjoys high visibility and access to a robust tourist and local clientele. The asking price is $1,200,000 (reduced by $200,000). The property is available for purchase as a complete turnkey operation or for lease with the first floor (approximately 2100 square feet) available separately. Built in 1928, this Class A property offers a blend of historic charm and modern amenities, making it an exceptional opportunity for a discerning restaurateur. The property's APN is 065 A 038.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1928
Total area 4,218 SF
Lot 0.81 ac (35,458 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
Allowed · conditional · prohibited
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