27 Miners Dr Castlewood, VA 24224-7002
This turnkey restaurant opportunity in Castlewood, Virginia, presents a unique chance to acquire a well-situated commercial property. The 2,554-square-foot building sits on a 0.6-acre lot boasting excellent visibility from US Highway 58, ensuring high traffic exposure. The property offers convenient access directly from US Hwy 58 and includes 21 designated parking spaces for patrons and staff. The building's previous use as a Pizza Hut provides a ready-made layout, complete with a functional kitchen hood system and walk-in coolers, significantly reducing start-up costs and time. Russell County zoning ordinances allow for a variety of uses, offering flexibility for potential buyers. Located less than two miles from downtown St. Paul, Virginia, the property benefits from proximity to the Hybrid Energy Center, a significant local employer powering over 150,000 homes. The asking price is $250,000, translating to $97.89 per square foot. This represents a compelling investment opportunity in a growing area with established infrastructure and a strong local economy. The property's strategic location and existing restaurant infrastructure make it an ideal choice for a variety of food service businesses or other compatible commercial ventures. This is a rare chance to acquire a well-positioned, ready-to-use commercial space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.