729 Main St
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729 Main St Local commercial 625 m² À vendre Reedville, VA 22539
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Reedville Market, prime location close to Chesapeake Bay
- Fully renovated 2020-21; New roof, systems, FF&E
- Boat slips for rent, county approval needed. Boat-in dining.
- Add value by expanding hours and entertainment
RÉSUMÉ ANALYTIQUE
Waterfront Turnkey Restaurant, Reedville, VA
ESTATE - Welcome to Reedville Market, a Virginia Northern Neck landmark restaurant. This c 1900 waterfront building is situated on Cockrell Creek, close to the Chesapeake Bay at the Reedville Water Tower. This premier property is beautifully maintained and provides a memorable dining experience. The seller inherited this property from his father, who bought it to keep it open and running when the original owner died. Download the Property Information Package for recent appraisal, floor plan, FF&E list, and more. Financials are available with signed Confidentiality/Non-Disclosure Agreement.
TOWN OF REEDVILLE - Reedville is the easternmost town on the Northern Neck, on the Chesapeake Bay. Historically a fishing community, it is now a waterfront vacationers and boater’s delight, with many seasonal residents, fisherman and boaters. The charming town has many Victorian homes, some of which are now museums and shops. It’s an easy drive to the larger town of Kilmarnock.
TURNKEY OPERATION - Fully renovated during the COVID shutdown, a million dollars was invested. 90% of the kitchen equipment is NEW, and the building has a new roof, systems and other renovations and upgrades. There’s a new dock with 10 boat slips.
CURRENT HOURS - The restaurant is currently open for Dinner just Thurs-Saturday, and Sunday Brunch. Karaoke night, live music and private event rentals on occasion.
With just 4 meals served per week, there’s huge upside for an energetic new owner/operator to add value and income!
IDEAS to increase cash flow: Add to the open hours and meal offerings, encourage special events, introduce a water taxi service that diners can reserve, lease some boat slips long term. Start a fresh ad campaign, add a food market, gift shop, seasonal catering service. Make the customer experience so special that Reedville Market becomes a destination restaurant.
BUILDING
Finished SQ feet 6,724 per tax record
Year Built 1900
Vinyl siding, aluminum trim
PROPERTY
1.52 acres, fronting on Cockrell Creek
24 parking spaces
Dock with 10 boat slips
130 kilowatt Generac generator
2 1,000 gal propane tanks (leased)
PUBLIC SPACES
174 seats, 95% are new, high-top tables. Wood flooring, Edison lighting
Acoustic panels on the enclosed porch area buffers noise, and allows for conversation while dining
Full-service bar, 20 seats (new owner will need to apply to transfer current liquor license)
Cozy lounge/”Dine in the Dark” room with fireplace and string lights
Waterfront deck with tables for outdoor dining
KITCHEN
This Kitchen provides ideal working conditions, with powerful cooling, LED lighting, state of the art cooking equipment, including top of the line, programmable ovens - both propane and electric
Separate, well-lit food prep area
Walk-in cooler and freezer
The generator has a 20-second transfer switch for uninterrupted cooking in the event of a power outage
Basement - unfinished - houses the oil furnace (above-ground tank in basement), heat pumps, and hot water heater
Parcel ID#: 38-B-1-0-82-0
2024 Tax Assessment: $1,042,500
2024 Annual Taxes: $6,881
Tranzon Key, VAAF423
ESTATE - Welcome to Reedville Market, a Virginia Northern Neck landmark restaurant. This c 1900 waterfront building is situated on Cockrell Creek, close to the Chesapeake Bay at the Reedville Water Tower. This premier property is beautifully maintained and provides a memorable dining experience. The seller inherited this property from his father, who bought it to keep it open and running when the original owner died. Download the Property Information Package for recent appraisal, floor plan, FF&E list, and more. Financials are available with signed Confidentiality/Non-Disclosure Agreement.
TOWN OF REEDVILLE - Reedville is the easternmost town on the Northern Neck, on the Chesapeake Bay. Historically a fishing community, it is now a waterfront vacationers and boater’s delight, with many seasonal residents, fisherman and boaters. The charming town has many Victorian homes, some of which are now museums and shops. It’s an easy drive to the larger town of Kilmarnock.
TURNKEY OPERATION - Fully renovated during the COVID shutdown, a million dollars was invested. 90% of the kitchen equipment is NEW, and the building has a new roof, systems and other renovations and upgrades. There’s a new dock with 10 boat slips.
CURRENT HOURS - The restaurant is currently open for Dinner just Thurs-Saturday, and Sunday Brunch. Karaoke night, live music and private event rentals on occasion.
With just 4 meals served per week, there’s huge upside for an energetic new owner/operator to add value and income!
IDEAS to increase cash flow: Add to the open hours and meal offerings, encourage special events, introduce a water taxi service that diners can reserve, lease some boat slips long term. Start a fresh ad campaign, add a food market, gift shop, seasonal catering service. Make the customer experience so special that Reedville Market becomes a destination restaurant.
BUILDING
Finished SQ feet 6,724 per tax record
Year Built 1900
Vinyl siding, aluminum trim
PROPERTY
1.52 acres, fronting on Cockrell Creek
24 parking spaces
Dock with 10 boat slips
130 kilowatt Generac generator
2 1,000 gal propane tanks (leased)
PUBLIC SPACES
174 seats, 95% are new, high-top tables. Wood flooring, Edison lighting
Acoustic panels on the enclosed porch area buffers noise, and allows for conversation while dining
Full-service bar, 20 seats (new owner will need to apply to transfer current liquor license)
Cozy lounge/”Dine in the Dark” room with fireplace and string lights
Waterfront deck with tables for outdoor dining
KITCHEN
This Kitchen provides ideal working conditions, with powerful cooling, LED lighting, state of the art cooking equipment, including top of the line, programmable ovens - both propane and electric
Separate, well-lit food prep area
Walk-in cooler and freezer
The generator has a 20-second transfer switch for uninterrupted cooking in the event of a power outage
Basement - unfinished - houses the oil furnace (above-ground tank in basement), heat pumps, and hot water heater
Parcel ID#: 38-B-1-0-82-0
2024 Tax Assessment: $1,042,500
2024 Annual Taxes: $6,881
Tranzon Key, VAAF423
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Restaurant
Surface de l’immeuble
625 m²
Classe d’immeuble
C
Année de construction
1900
Occupation
Mono
Hauteur du bâtiment
2 étages
Quais de chargement
1 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,10
Surface du lot
0,62 ha
Stationnement
24 places (38,42 places par 1 000 m² loué)
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TAXES FONCIÈRES
| Numéro de parcelle | 38-B-1-0-82-0 | Évaluation des aménagements | 501 364 € |
| Évaluation du terrain | 391 329 € | Évaluation totale | 892 693 € |
TAXES FONCIÈRES
Numéro de parcelle
38-B-1-0-82-0
Évaluation du terrain
391 329 €
Évaluation des aménagements
501 364 €
Évaluation totale
892 693 €
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VIDÉOS
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729 Main St
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