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32895531
32884917

325 S Main St, Woodstock, VA 22664 For Sale

OH
VA 0225089944, WV wvs260304281
Preslee Real Estate
Listed by Preslee Real Estate
$985,000
59 days on market
Updated 58 days ago

Spring House Tavern, restaurant and bar

Details
APN 045A5 A 037
Property Type Retail
Sub Type Restaurant, Bar (+1)
Square Footage 5,764
Occupancy 100%
Tenancy Single
Price per SqFt $166
Class B
Year Built 1952
Year Renovated 2015, 2020
Acreage 0.630
Zoning Central Business Woodstock B-1
Parking Spaces 20 spaces
Parking per 1,000 SqFt 3.47
Investment Type Owner/User
Ground Lease No
Ownership Fee Simple

The iconic Spring House Tavern restaurant is for sale. Consistent gross receipts over $1.3 million

Marketing description

Don't miss out on this opportunity to purchase the iconic Spring House in Woodstock, VA. The Spring House has been in operation as a full service restaurant for well over 30 years and is a fixture on Main Street. Originally built in 1952 but extensively renovated in 2015-2020, Spring House offers a unique blend of historic charm and modern functionality. Nestled in the heart of downtown, this property boasts a prime location making it an ideal investment opportunity. Spanning 0.63 acres, the lot features Main St frontage with it's own large parking lot for patrons and employees. The restaurant is bordered by Spring Hollow creek, enhancing the property's appeal with its natural features and perfect for businesses looking to attract clientele seeking a relaxing environment. The new Owner can expand on this concept with rooftop seating or a cantilevered deck over the creek bed. The interior features two main dining rooms, one in front and one in the rear that includes a bar. Together they seat 86. In between there are two smaller dining rooms for private parties or those seeking a cozy room to themselves. Together these two dining rooms seat 36. Upstairs is mostly unfinished but features a 23'x30 space with two half baths, storage and the manager/owner's office. This space could be finished as an employee break room, conference room or another private dining room for larger parties. The restaurant has a separate full bar in the log section of the building that seats 22. The property is in very good condition, ensuring minimal immediate maintenance needs for the new owner. Parking is abundant with options on Main street or in the parking lot. The downtown location not only enhances visibility but also positions the property within a growing community. Numerous housing developments in Woodstock are coming online in 2026 and 2027. Thus adding many new patrons to the existing faithful following. This sale is for the real estate, kitchen equipment, cookware, dining room decor and dishware. The restaurant is open for business every day except Tuesday, and will remain so until sold and transitioned to the new Owner Operator. The Seller, who is the Owner Operator, will assist the new Buyer with the transition of the restaurant and it's 26 employees (8 of which are part time). Gross sales receipts and a full list of equipment to convey are available upon request.

Investment highlights

This sale is for the real estate, all kitchen and dining equipment and decor. The restaurant will remain open for business until a new owner is found. This sale is ideal for an owner-operator or an investor who has a chef as a business partner.

Listing Contacts

OH
VA 0225089944, WV wvs260304281
Preslee Real Estate
Listed by Preslee Real Estate

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Additional Information

Name
Abby Walters
Title
Broker of Record
Name
Owen Heine
License
0225089944
Brokerage Phone
540-335-2582
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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