Listed by Cushman & Wakefield Thalhimer - Newport News, Virginia
$875,000
Old Chickahominy House
Details
Property Type Retail, Office
Sub Type Restaurant, Medical Office
Square Footage 6,700
Year Built 1960/1980
Buildings 2
Lot Size (SqFt) 130
Zoning B1 General Business
Investment Type Owner/User
Retail | 6,700 SqFt
Marketing description
For Sale
Investment highlights
- Iconic restaurant building for sale
- 6700sf between two buildings on multiple floors with 2-bedroom residential apartment
- Property being sold vacant and empty with no rental income in place
- General Business zoning
- Unique opportunity for commercial owner user to live on-site at the property or collect rental income on the apartment
- Current use: Iconic family restaurant and boutique restaurant.
- Conceptual future alternative uses: boutique medical, spa/wellness, office, retail or mixed use.
- Building Size: approx. ±6,700 SF
- Sale Price: $950,000 (real estate only)
- First Floor: approx. ±3,250 SF (kitchen, dining and retail)
- Lower Level: approx. ±1,000 SF (office or retail)
- Second Floor: approx. ±1,000 SF (office or retail)
- Walk-Up Second Floor Residential Apartment: approx. ±850 SF
- Workshop Building/Garage: approx. ±600 SF (plus second floor mezzanine)
- Year Built: approx. ±1960 and ±1980
- Zoning: B1 General Business
- Location: Just off busy signalized intersection of Jamestown Rd. and Rt. 199
- Road Frontage: Approximately ±135 FT on Jamestown Road
- Traffic Counts: approx. 15,000 VPD on Jamestown Rd. 35,000 VPD on Rt. 199
- Cushman & Wakefield Thalhimer is pleased to offer for sale the iconic Old Chickahominy House. Bulit around ±1960 this landmark comprises two buildings totaling approximately ±6,700sf and is located off the busy signalized intersection of Rt 199 and Jamestown Road.
- The purchase of this property represents the unique opportunity to own a multi-purpose building accommodating both commercial and residential uses. A prospective buyer may want to continue to operate the property as a family restaurant or explore other uses such as boutique medical office or retail.
- A rare component of this property is the walk-up, second floor, two-bedroomed living apartment at the rear of the building. This could either offer on-site accommodation for an owner user or an additional income stream as a rental property
- This property includes a detached workshop building that can be utilized for a variety of uses or storage.
- The property is in James City County approximately one mile from the College of William & Mary campus.
- The only personal property to convey with the sale is the kitchen equipment and the dining room tables and chairs.
- The property is being sold as real estate only with the buildings vacant and no tenants (or rental income) in place
Listing Contacts
Listed by Cushman & Wakefield Thalhimer - Newport News, Virginia
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
