101 Elm Ave

Retail-Commercial for Sale
Catylist Listing ID: 30831646
Property Subtypes: Restaurant, Other
Building Size (RSF): 1,434 SF
Sale Price: $219,000
Unit Price: $152.72 PSF
Property Use Type: Business
Usable Size (USF): 1,434 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2023

Overview / Comments

This commercial space is directly across the street from the Louisa Courthouse and is one block off Main Street in the heart of the Town of Louisa. This commercial building was most recently used as a commercial bakery but has many potential uses. It is the perfect size for a restaurant, coffee shop, retail space, or even could be converted to office space. Lots of possibilities at a great price.

Current Tenants

Tenant Business Name Biscuit Batch
Is Renting? Yes
Current Rent $1,500 PSF (Annual)
Options One, 6 months
Tenant Notes Bakery

Additional Details

Nearest MSA: Charlottesville
County: Louisa
Taxing Authority: Louisa
Tax ID/APN: 40A1 1 58
Retail Clientele: General, Business
Property Located Between: Louisa Courthouse and Wells Fargo Bank
Property Visibility: Good
Largest Nearby Street: Main Street
Highway Access: Fronts Elm Street
Airports: Louisa/IDA 3 Miles
Area Description: Historic Area of Downtown Louisa
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick front and one side. Vinyl on one side and rear. Sits on a concrete slab.
Parking Type: Other
Parking Description: This property has no parking on site. There is plenty of public parking within one block. Wells Fargo Bank has allowed employee parking in the rear.
Heat Type: Electricity
Heat Source: Heat Pump
Internet Access: Cable
Interior Description: As you enter the building there is a customer area in front. This area is about 500 sq feet and could be used for serving customers in a restaurant. The remainder of the building is a larger kitchen/work area (previously a bakery).
Zoning Description: Commercial, Town. Allows many commercial uses.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Christine Y Pak
Legal Description: As described in Deed Book 1327, Page 848, currently taxed as TM # 40A1-1-58.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,093 5,754
Median Age: 41.81 40.58
Households: 1,279 2,270


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