Main St Commercial Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30759613
Property Subtypes: Restaurant, Street Retail
Status: Pending
Building Size (RSF): 6,440 SF
Gross Building Area: See Agent
Sale Price: $365,000
Unit Price: $56.68 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2022

Overview / Comments

Investment opportunity. Main Street, Traditional Town Center, Transect 5 which is one of the commercial districts located in the Town of Orange. Currently leased as a restaurant until April 16, 2025. The restaurant operates on the main level and the apartment is located on the upper floor. Both of which are included in the lease and subsequent sale of the property, The listed price is approximately $75,000 below the county tax assessment. Being shown on Mondays by appointment only. The listing agent must be present.

Additional Details

Nearest MSA: Charlottesville
County: Orange
Tax ID/APN: 044A200420007A
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Main St and Short St
Property Visibility: Excellent
Feet of Frontage: 46
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1912
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: Street and public parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Lot Frontage: 46
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 44a2 BK 42-7a Main, DB#040003909 , 0.15 acre

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,499 8,215
Median Age: 43.4 41.74
Households: 1,295 3,144


Photograph of Listing Agent

Donna Waugh-Robinson

Jack Samuels Realty
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