27 Miners DrCastlewood, VA 24224

Property Details for 27 Miners Dr

Lot size

0.60 AC

Property size (Sq ft)

1,620 SF

Property type

Turn key restaurants

APN

156L E 3399

APU

156LE3399

Description

This turnkey restaurant opportunity in Castlewood, Virginia, presents a unique chance to acquire a well-situated commercial property. The 2,554-square-foot building sits on a 0.6-acre lot boasting excellent visibility from US Highway 58, ensuring high traffic exposure. The property offers convenient access directly from US Hwy 58 and includes 21 designated parking spaces for patrons and staff. The building's previous use as a Pizza Hut provides a ready-made layout, complete with a functional kitchen hood system and walk-in coolers, significantly reducing start-up costs and time. Russell County zoning ordinances allow for a variety of uses, offering flexibility for potential buyers. Located less than two miles from downtown St. Paul, Virginia, the property benefits from proximity to the Hybrid Energy Center, a significant local employer powering over 150,000 homes. The asking price is $250,000, translating to $97.89 per square foot. This represents a compelling investment opportunity in a growing area with established infrastructure and a strong local economy. The property's strategic location and existing restaurant infrastructure make it an ideal choice for a variety of food service businesses or other compatible commercial ventures. This is a rare chance to acquire a well-positioned, ready-to-use commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $459,543

  6.5%

  $424,194

  7%

  $393,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $336,104

  Geo Method

  $336,104

• Alternative Use

  Use

  Valuation

  Residential

  $357,823

  Hospitality

  $327,764

  Educational

  $272,696

  Medical

  $282,074

  Retail

  $424,194

Location Insight

City

Castlewood

County

Russell

State

Virginia

Latitude

36.877

Longitude

-82.3018

Property Tax & Assessments

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