$750,000

409 Fritz Street, Damascus, VA 24236

  • 3,370 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $223/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Offered with multiple purchase/ lease scenarios. This Established Restaurant and Ice Cream shop offers a great opportunity to own an income producing restaurant in the community of Damascus, Virginia. Restaurant building offers a bar/dining area, full commercial kitchen and 3 furnished, efficiency short term rental units to provide additional income throughout the year. The external Ice Cream shop/gift shop provides another revenue stream, and the shared outdoor deck and patio provide ample outdoor seating for local entertainment. Seller is asking $750,000 for all real estate and transfer of ownership of the restaurant and all FFE. Restaurant is also available for purchase with a lease of the real estate. Showings will only be conducted with an accepted Letter of Intent. Full Financial information will be provided during the Due Diligence period. Owner has agreed to stay on staff for 3 months to transition any new owner.

Listing Status:
Active
Date Added:
March 14, 2025 at 05:00AM
Listing Office:
Weichert Realtors Saxon Clark KPT : 423-765-9118
Listing Agent:
William Lokar : 423-612-4400
MLS ID:
9977247
  • A/C: OtherHeat Pump
  • Heating: Heat PumpFireplace(s)
  • Roofing: Metal
  • General: Vinyl Siding2
  • Road/Access: City Street
  • Originating MLS: Tennessee/Virginia Regional MLS
  • County: Washington
  • Zoning: DAMASCUS172b4 1 10 003833
  • Utilities: 220 VoltsSingle Phase
  • Water: Public
  • Sewer: Public Sewer
  • Source: Tennessee/Virginia Regional MLS

This listing courtesy of William Lokar, Weichert Realtors Saxon Clark KPT

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rhea Valley Elementary School

31305 Rhea Valley Rd, Meadowview, VA, 24361

Grades PK-5

4.16 miles away

D

Damascus Middle School

32101 Government Rd, Damascus, VA, 24236

Grades 6-8

1.39 miles away

H

Holston High School

21308 Monroe Rd, Damascus, VA, 24236

Grades 9-12

1.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.