266 E. Main Street

Special Purpose for Sale
Catylist Listing ID: 30364931
Property Subtypes: Assembly/Meeting Place
Building Size (RSF): 3,306 SF
Gross Building Area: See Agent
Gross Land Area: 0.27 Acres
Sale Price: $555,950
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/6/2019

Overview / Comments

This property is a beautiful image of historic Abingdon, VA. Recent restoration has preserved the structures integrity, while expanding the space to accommodate foodservice and hospitality. A finely detailed commercial chef's kitchen has been added, with a banquet room and outdoor entertainment space. This corner lot property dates back to 1825. The most recent update and restoration was completed four years ago. Those improvements include new HVAC system, refinished interior and exterior, new wiring and plumbing throughout, spray foam insulation, 1530 ft. addition offering large dining space, covered porch and deck, and with a complete commercial kitchen. The exterior has been landscaped, offers an outdoor patio for events, and 20+/- street front and off street parking. The outdoor space accommodates handicap accessibility with ramp and railing. A 14'3" stainless steel CaptiveAire hood and suppression system, with 9 baffled filters and 6 suppression nozzles, is a conveying fixture. Also conveying, are two 6'4"x6'6" Norlake walkin coolers. One cooler is a medium temp. unit, while the other is a low temp. All restaurant equipment has been inventoried and valued for sale.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Washington
Taxing Authority: Town of Abingdon; Washington County
Tax ID/APN: 013 1 93 AB
Zoning: OH
Property Visibility: Excellent
Site Description: This property is a beautiful image of historic Abingdon, VA. Recent restoration has preserved the structures integrity, while expanding the space to accommodate foodservice and hospitality. A finely detailed commercial chef's kitchen has been added, with a banquet room and outdoor entertainment space. This corner lot property dates back to 1825. The most recent update and restoration was completed four years ago. Those improvements include new HVAC system, refinished interior and exterior, new wiring and plumbing throughout, spray foam insulation, 1530 ft. addition offering large dining space, covered porch and deck, and with a complete commercial kitchen. The exterior has been landscaped, offers an outdoor patio for events, and 20+/- street front and off street parking. The outdoor space accommodates handicap accessibility with ramp and railing. A 14'3" stainless steel CaptiveAire hood and suppression system, with 9 baffled filters and 6 suppression nozzles, is a conveying fixture. Also conveying, are two 6'4"x6'6" Norlake walkin coolers. One cooler is a medium temp. unit, while the other is a low temp. All restaurant equipment has been inventoried and valued for sale. All information is subject to errors and omissions. Buyers/Buyer's agents to verify all information. Some information is taken from tax records, which is deemed a reliable but not a guaranteed source. Please contact the listing agent or listing office to schedule your showing. Their is no lockbox and a security system is always activated. Take exit 17 from I-81 N Turn left on US-58 ALT W/Cummings St. Drive 1.4 mile to W Main St. Turn right onto W. Main St. and continue .6 mile. Property will be on the right at 266 E. Main St.
Property Condition: Excellent
Year Built: 1825
Year Renovated: 2014
Roof Type: Other
Construction/Siding: Wood Frame
Parking Type: Surface, Other
Parking Description: Rear and street
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: The Martha E. Combs Trust
Legal Description: Per Deed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 990 12,788 17,154
Median Age: 37.22 44.34 44.26
Households: 499 5,575 7,460

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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