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409 Fritz Street, Damascus, VA 24236 - $750,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9977247
Living Area: 3,370 Lot Acreage: 0 Year Built: 1957
Elementary School: Middle School: High School:
Property Description
Offered with multiple purchase/ lease scenarios. This Established Restaurant and Ice Cream shop offers a great opportunity to own an income producing restaurant in the community of Damascus, Virginia. Restaurant building offers a bar/dining area, full commercial kitchen and 3 furnished, efficiency short term rental units to provide additional income throughout the year. The external Ice Cream shop/gift shop provides another revenue stream, and the shared outdoor deck and patio provide ample outdoor seating for local entertainment. Seller is asking $750,000 for all real estate and transfer of ownership of the restaurant and all FFE. Restaurant is also available for purchase with a lease of the real estate. Showings will only be conducted with an accepted Letter of Intent. Full Financial information will be provided during the Due Diligence period. Owner has agreed to stay on staff for 3 months to transition any new owner.
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    AC:Other5true
    Business Type:BarTavernLoungetrue
    Business Type:Residential2true
    Business Type:Restauranttrue
    Contract Info:ForeclosureNo
    Development Status:Finished Lot(s)true
    Electric Service:220 Voltstrue
    Electric Service:Single Phasetrue
    Exterior Finish:Vinyl Sidingtrue
    General Property Description:Acres0.4
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size290x188
    General Property Description:Stories32.0
    General Property Description:Total SqFt Finished3370.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2DAMASCUS
    Heating:Fireplace(s)true
    Heating:Heat Pump2true
    Info Available:Floor Plantrue
    Info Available:See Remarks28true
    Location Tax Legal Info:City Taxes936.56
    Location Tax Legal Info:County Taxes1221.6
    Other Equipment:Additional Building(s)true
    Other Equipment:Dishwasher2true
    Other Equipment:Dryer2true
    Other Equipment:Furnituretrue
    Other Equipment:Range2true
    Other Equipment:Refrigerationtrue
    Other Equipment:Refrigerator2true
    Other Equipment:See Remarks38true
    Other Equipment:Smoke Detector(s)2true
    Other Equipment:Washer2true
    Remarks Misc:Directions3From Downtown Damascus follow Laurel Ave. toward Douglas Dr. Turn Right on Douglas Dr. Follow Douglas Dr. to Left on Fritz St.
    Remarks Misc:Public Remarks2Offered with multiple purchase/ lease scenarios. This Established Restaurant and Ice Cream shop offers a great opportunity to own an income producing restaurant in the community of Damascus, Virginia. Restaurant building offers a bar/dining area, full commercial kitchen and 3 furnished, efficiency short term rental units to provide additional income throughout the year. The external Ice Cream shop/gift shop provides another revenue stream, and the shared outdoor deck and patio provide ample outdoor seating for local entertainment. Seller is asking $750,000 for all real estate and transfer of ownership of the restaurant and all FFE. Restaurant is also available for purchase with a lease of the real estate. Showings will only be conducted with an accepted Letter of Intent. Full Financial information will be provided during the Due Diligence period. Owner has agreed to stay on staff for 3 months to transition any new owner.
    Restrictions:Other37true
    Road Access:City Streettrue
    Roof:Metal3true
    Sale Includes:Business Onlytrue
    Sale Includes:For Leasetrue
    Sale Includes:Other38true
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Weichert Realtors Saxon Clark KPT
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