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Property profile & analytics
OFF-MARKET
Turn key restaurants

27 Miners Dr Castlewood, VA 24224-7002

1,620 SF 0.6 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US87-2784987
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 1,620 SF
Lot 0.6 ac (26,092 SF)
APN 156L E 3399
UPID US87-2784987
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Propco LLC · 6 yrs held
Propco LLC
since 2020
Last sale
$319,667
2 recorded transactions
2020
$319,667
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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