This exceptional 3,457-square-foot restaurant space presents a rare opportunity in the thriving Warrenton, VA market. Located at 34 Broadview Ave, this property boasts a highly desirable location at a signalized intersection of Broadview Avenue and Route 211, experiencing a significant daily traffic count of 32,525 vehicles. The entire building, totaling 3,457 square feet, is currently available for lease. Built in 1974 and extensively renovated in 2018, the property sits on a sizable 0.84-acre lot, offering ample space and potential for outdoor seating or additional development. The property includes a valuable drive-thru feature, enhancing operational efficiency and customer convenience. Annual property taxes are $3.83 per square foot. This turnkey restaurant space is ideally suited for a variety of culinary concepts, capitalizing on the high visibility and substantial traffic flow of this prime Warrenton location. The property's recent renovation ensures modern amenities and a move-in ready condition. Don't miss this chance to establish your business in a vibrant and growing community. The property is zoned for restaurant use.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,171,032
6.5%
$1,080,952
7%
$1,003,742
Comparable approach
Method
Valuation
Relative Method
$1,686,382
Geo Method
$1,686,382
Alternative Use
Use
Valuation
Residential
$911,824
Hospitality
$835,226
Educational
$694,898
Medical
$718,797
Retail
$1,080,952
Location Insight
City
Warrenton
County
Fauquier
State
Virginia
Latitude
38.7186
Longitude
-77.808
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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