409 Fritz StDamascus, VA 24236

  • Other commercial real estate
  • 2,974 SF
For Sale
$360,000 View listing

Property Details for 409 Fritz St

Year built
1957
Property size (Sq ft)
2,974 SF
Zone code
DAMASCUS
Property type
Other commercial real estate
APN
172B4 1 10
APU
172B4110

Description

This thriving Damascus, VA, business, operating for over six years, is offered for sale at $360,000. The Wicked Chicken Winghouse & Tavern boasts a loyal customer base and is a community cornerstone. The extensive menu features renowned hot wings, appetizers, burgers, sandwiches, homemade sides, and gourmet cheesecakes, complemented by a full liquor and local craft beer selection. A separate ice cream shop adds to the property's appeal, perfectly situated for Creeper Trail cyclists. The restaurant and ice cream shop are available for lease at $5,000 per month; tenant responsible for taxes and insurance. The current owner is willing to assist with the transition. This turnkey operation presents a unique opportunity to acquire a well-established and profitable business in a desirable location. The property's prime location in the charming town of Damascus, VA, ensures continued success. The business is classified as Class C.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $795,387
    Hospitality
    $728,570
    Educational
    $606,162
    Medical
    $627,009
    Retail
    $942,918
409 Fritz St, Damascus, Virginia

Location Insight

City
Damascus
County
Washington
State
Virginia
Latitude
36.6304
Longitude
-81.7815
CBSA code
28700
CBSA name
KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$35,000
$168,500
$203,500
-
$35,000
$168,500
$203,500

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