• Units
• Unknown Sq Ft
• 21,780 Sq Ft
• Unknown Cap Rate

Description

Start making rental income immediately this multi-use building has (4) rental incomes in one and is fully rented make money the day you purchase with a(3) bedroom (1) bath apartment and a smaller studio style apartment on the 2nd story but that’s not all the 1st level has a fully in operation hot food full service deli and the other side is a full service convenience store with Virgina ABC off license this is the only store in Reedville.
This is a FANTASTIC OPPORTUNITY to own your own commercial building near the Chesapeake Bay!
Exciting Commercial Property Opportunity Near Chesapeake Bay!
Don't miss out on this fantastic chance to own a versatile commercial building situated just minutes from the beautiful Chesapeake Bay! This property presents a wealth of possibilities for entrepreneurs looking to tap into the thriving local market.
Key Features:

- Prime Location: Located in an area frequented by residents and visitors alike, this building is the first stop for many along their daily routes. It is perfectly positioned to serve the community’s needs.

- Diverse Business Potential: Whether you're interested in opening a retail store for fishing, crabbing, kayaking, camping gear, swimwear, or home decor, or even a convenience store, this space can accommodate it all! The area is ripe for a restaurant, particularly one that offers breakfast, lunch, and dinner to complement the existing dining options.

- Restaurant Success: The previous owner successfully operated a pizzeria, indicating a strong market demand for food options in the area. Imagine the possibilities of featuring delicious desserts and other dishes from a local chef eager to partner with you!

- Current Income Stream: The property includes a convenience store, a deli/restaurant, and two upstairs apartments generating approximately $5,000 in monthly rent. The apartments consist of a cozy efficiency and a spacious 3-bedroom unit, providing additional income potential.

- Recent Upgrades: The property has been updated under new ownership, including the installation of a new $10,000 dual oven with four burners and a 24" flattop in the restaurant. The convenience store is equipped with beverage coolers, shelving, a cash register, and more—all included in the sale!

This commercial building offers a unique blend of retail and food service opportunities, making it an ideal investment for anyone looking to capitalize on the bustling Chesapeake Bay area. The options are endless; let your imagination run wild!

Contact the listing agent today to schedule a viewing and explore how this property can become your next successful venture! (Zoning is B-1 Business)