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    FOR SALE
    Turn key restaurants

    6870 Main St, Gloucester, VA 23061

    3,926 SF 0.09 ac lot Built 1956
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US87-2265182
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1956
    Total area 3,926 SF
    Lot 0.09 ac (3,877 SF)
    Zoning code B-2
    APN 43446
    UPID US87-2265182
    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
    HORSLEY PROPERTIES LLC
    HORSLEY PROPERTIES LLC
    Zoning & alternative use
    B-2 · Gloucester, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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