6870 Main St, Gloucester, VA 23061
For Sale
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This exceptional commercial property at 6870 Main Street, Gloucester, VA, presents a unique investment opportunity. The 3,926 square foot building, a local landmark since 1956, sits on a sizable 0.87-acre lot and boasts over 150 feet of prime road frontage on Main Street, ensuring high visibility and significant foot traffic. Substantial renovations were completed in 1986. Currently operating as a well-established restaurant with an 86-person occupancy, the property offers immediate income potential. The ample parking provides convenient access for patrons and staff. This versatile property is ideally situated in the heart of Gloucester Courthouse, offering unmatched potential for a variety of commercial ventures. The property's rich history and prime location combine to create a truly exceptional opportunity for business owners and investors seeking a cornerstone property in a thriving community. The building's established presence and significant road frontage make it an ideal location for a wide range of commercial uses, offering a strong foundation for future success. This is a rare chance to acquire a piece of Gloucester's history and capitalize on its significant commercial potential. The property's size and location provide a strong foundation for long-term growth and profitability. The asking price is $699,500.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Gloucester, VAGloucester. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.