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Property profile & analytics
OFF-MARKET Estimated value $510,000
Commercial real estate

21 Polk St Montross, VA 22520-2771

Entity Owned Free & Clear
Property ID
US87-2007499
Property summary
AI-generated overview

This exceptional commercial property at 21 Polk St, Montross, VA 22520, presents a unique investment opportunity. The 6,290 square foot building, constructed in 1683 and situated on a 0.62-acre lot, boasts a diverse range of income-generating spaces. Currently operating as a thriving bed and breakfast, it features seven guest suites with individually controlled heating and air conditioning, a restaurant with a large commercial kitchen (including two walk-in refrigerators and a full-size ice machine), and a lower-level pub with a 40-seat capacity and separate entrance. The first-floor dining room comfortably seats up to 60 guests, offering versatile options for various events and dining arrangements. The second floor houses five beautifully appointed guest rooms, each with a private full bathroom and access to a shared sitting area. A third-floor space, accessible via both a private entrance and the second-floor sitting area, offers two additional bedrooms, each with its own full bathroom (one bathroom is not fully completed), providing potential for expansion as additional guest rooms or a private residence. The property also includes ample parking for 40 vehicles. The asking price is $599,000, with a price per square foot of $109.54. The property is currently 100% occupied under a gross lease with one year remaining on the lease. The permitted zoning is COMMERCIAL, and the APN is 34A2 1 3 1C. This turnkey operation is ideally positioned to capitalize on the area's thriving tourism industry, with nearby attractions including wineries, museums, farms, and historical sites. Serious inquiries only

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction WOOD
Zoning code SF
APN 34A2 1 3 1C
UPID US87-2007499
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
Current use
Occupant on record · Public records
  • The Inn at Montross Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k
Owner & transaction history
Busters Folly LLC
Busters Folly LLC
since 2025
Last sale
$510,000
4 recorded transactions
2025
Price N/A
2025
$510,000
2010
$159,500
2009
$230,000
Zoning & alternative use
SF · Montross, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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