$1,500,000
$1,500,000
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12,960 SqFt
SOLD DATE : 06/01/2021
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 12,960 sqft
Price per Sqft $115
Subdivision Washington
MLS Listing ID VARP107784
Sold Date 06/01/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1938
Annual Tax Amount $8,181
Tax Year 2020
Lot Size 0.280 Acres
Acres 0.28
Property Description
The Town of Washington in the heart of Rappahannock County is where culinary tourism in America may well have begun. Home to the renowned Inn at Little Washington ... Washington, Virginia, is a town surveyed by George Washington as a young man in July 1749. History abounds in the buildings, down the paths and roads of the Town - the scenery is world class and the community embraces those who visit to enjoy this beautiful place. A Village feel and often referred to as such this is a vibrant location of dining, shopping, community activity and international visitors as about 90 minutes to Washington DC. FOR SALE is 311 Gay Street - an impressive mixed-used building in the center of it all. First a Mercantile, a Shoe Store, a Grocery Store and now one of the most prominent locations and buildings in town there is excellent window retail frontage, 3 parking entrances from Gay, to Jett to Main Streets. Nearly 13,000 sqft with the valuable VS - Village Service zoning the current tenancy currently includes County Offices, Professional Suites, a real estate broker, professionals and the County 4H. Formerly the home of Tula's Restaurant - this SALE includes the appointments/FFE of the restaurant from tables and chairs, fixtures and furnishings, commercial kitchen equipment, stainless counters and food prep and storage shelving as well as a Turn Key rustic bar with television corner and a private meeting-small Banquet room adjacent the bar. Heart Pine Floors, high ceilings and natural light abound and there is a coveted out door dining patio with tables and chairs. Some personal property of sellers that is on-site does not convey. The 2010/2013 updated masonry building has large meeting spaces, a furnished tenants lounge with kitchen, nicely appointed private offices, a cubicle incubator loft, Comcast High Speed Internet, unique wood detailing crafted by a local woodworker, acoustical tile ceilings, updated HVAC and most suites are on separate electrical meters. There are 9 bathrooms. The building is in very good condition, and the current tenancy is income producing. This is a superb opportunity for a Restaurateur who wishes to be an owner-operator. Check with the town - the zoning allows for a Live Work environment. There is ample parking on site and street parking. The building is on Town Sewer and Water. Qualified Purchasers only and detailed resale package will be extended on qualifications. 311 Gay Street is a tenant occupied, income producing, investment worthy, solid building in great shape with potential and opportunity for the next owner to share in the renaissance a beautiful community that already hosts one of the worlds most respected restaurants and inn about 90 minutes to the Nations Capital at the foot of the Blue Ridge Mountains.
Location
State VA
County Rappahannock
Zoning VS
Interior
Hot Water Electric
Heating Heat Pump(s), Programmable Thermostat, Zoned
Cooling Heat Pump(s), Multi Units, Programmable Thermostat, Zoned
Flooring Concrete, Hardwood, Partially Carpeted
Equipment See Remarks, Negotiable
Heat Source Electric
Exterior
Garage Spaces 10.0
Utilities Available Phone Connected, Phone Available, Sewer Available, Water Available, Multiple Phone Lines, Electric Available
Water Access N
View Mountain, Street, Other
Roof Type Architectural Shingle
Accessibility Other, Low Pile Carpeting, 48\"+ Halls, Grab Bars Mod, Level Entry - Main
Road Frontage City/County
Total Parking Spaces 10
Garage N
Building
Lot Description Cleared
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Rappahannock County Public Schools
Others
Tax ID 20-A-1- -106
Ownership Fee Simple
SqFt Source Estimated
Security Features Monitored,Security System
Special Listing Condition Standard
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Bought with Elisabeth M Schneiderman • Cut River Investments LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151