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    FOR LEASE
    Turn key restaurants

    6714 Main St, Gloucester, VA 23061

    0.2 ac lot Built 1932
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US87-2265184
    Property summary
    AI-generated overview

    This exceptional 2,600 square foot restaurant, located at 6714 Main St in Gloucester, Virginia, presents a unique investment opportunity. Built in 1932, this B-2 zoned property boasts a rich history and a loyal customer base, having operated almost continuously since its inception. The property sits on a 0.2-acre lot and offers a modern kitchen, perfectly equipped for continued culinary success. An added bonus is an upstairs apartment, ideal for owner occupancy or generating additional rental income. Situated in the heart of Gloucester Village, a certified Main Street community, this restaurant benefits from a thriving downtown area filled with independent businesses and a strong local economy. Its prime location offers easy access to county offices, the courthouse, and Riverside Walter Reed Hospital, all within five minutes. Furthermore, it's within walking distance of several popular local businesses, including Ace Hardware, Gloucester Brewing Company, Kelsick Market, and Ware Neck Produce, ensuring high foot traffic and visibility. The asking price is $550,000, translating to $211.54 per square foot. This is a rare chance to acquire a well-established, profitable restaurant in a desirable location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1932
    Lot 0.2 ac (8,799 SF)
    Zoning code B-2
    APN 33926
    UPID US87-2265184
    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
    Ashby D Hibbs · 10 yrs held
    Ashby D Hibbs
    since 2016
    1 recorded transaction
    2016
    $55,000
    Zoning & alternative use
    B-2 · Gloucester, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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