For Sale
$599,000

21 Polk St Montross, VA 22520

Prime location, lucrative income streams

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional commercial property at 21 Polk St, Montross, VA 22520, presents a unique investment opportunity. The 6,290 square foot building, constructed in 1683 and situated on a 0.62-acre lot, boasts a diverse range of income-generating spaces. Currently operating as a thriving bed and breakfast, it features seven guest suites with individually controlled heating and air conditioning, a restaurant with a large commercial kitchen (including two walk-in refrigerators and a full-size ice machine), and a lower-level pub with a 40-seat capacity and separate entrance. The first-floor dining room comfortably seats up to 60 guests, offering versatile options for various events and dining arrangements. The second floor houses five beautifully appointed guest rooms, each with a private full bathroom and access to a shared sitting area. A third-floor space, accessible via both a private entrance and the second-floor sitting area, offers two additional bedrooms, each with its own full bathroom (one bathroom is not fully completed), providing potential for expansion as additional guest rooms or a private residence. The property also includes ample parking for 40 vehicles. The asking price is $599,000, with a price per square foot of $109.54. The property is currently 100% occupied under a gross lease with one year remaining on the lease. The permitted zoning is COMMERCIAL, and the APN is 34A2 1 3 1C. This turnkey operation is ideally positioned to capitalize on the area's thriving tourism industry, with nearby attractions including wineries, museums, farms, and historical sites. Serious inquiries only

Highlights

  • 6,290 SF commercial building on a 0.62-acre lot in Montross, VA.
  • Thriving bed and breakfast with seven guest suites, a restaurant with a large commercial kitchen, and a 40-seat pub.
  • Ample parking for 40 vehicles.
  • $599,000 asking price ($95.21 PSF).
  • Currently 100% occupied under a gross lease with one year remaining.
  • Commercial zoning (APN: 34A2 1 3 1C).

Property Details for 21 Polk St

Property type
Retail properties, Land
Square Feet
6,290 SF
Year Built
1683
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Montross
County
Westmoreland
State
Virginia
Latitude
38.095437
Longitude
-76.8293445

FAQs

What type of property is this?
Retail property - Prime location, lucrative income streams
Where is the retail property located?
The property is located at 21 Polk St Montross, VA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 6,290 SF commercial building on a 0.62-acre lot in Montross, VA.; Thriving bed and breakfast with seven guest suites, a restaurant with a large commercial kitchen, and a 40-seat pub.; Ample parking for 40 vehicles.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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21 Polk St
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