121 Main StLovingston, VA 22949

Property Details for 121 Main St

Year built

1900

Lot size

0.09 AC

Property size (Sq ft)

1,476 SF

Property type

Retail properties

Property subtype

Retail space

APN

58B 3 32C

APU

58B332C

Description

This 1,476 square foot retail space, located at 121 Main St, Lovingston, VA 22949, is available for $430,000. The property, built in 1900, sits on a 90 square foot lot (APN: 58B-3-32C) and is zoned for Commercial/Industrial use (4-Commercial/Industrial). It's a fee simple ownership with a single tenancy and is currently vacant. The space boasts a newly installed kitchen with modern appliances, a stylish bar countertop, brand new flooring and ceiling, and a convenient rear storage shed. High-quality freezers and refrigerators are included, along with a tempered walk-in refrigeration unit. Seller financing or leasing options may be available. This turnkey opportunity is ideal for a restaurant or bar seeking a vibrant location in Nelson County, Virginia. The property is listed as a NNN lease type. The asking price is $430,000, with a price per square foot of $291.33.

• CAP approach

  CAP return

  Valuation

  6%

  $324,320

  6.5%

  $299,372

  7%

  $277,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $853,779

  Geo Method

  $853,779

• Alternative Use

  Use

  Valuation

  Residential

  $252,532

  Hospitality

  $231,318

  Educational

  $192,454

  Medical

  $199,072

  Retail

  $299,372

Location Insight

City

Lovingston

County

Nelson

State

Virginia

Latitude

37.7601

Longitude

-78.8714

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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