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Investment Highlights

  • Heavy Traffic
  • Rustic family friendly

Executive Summary

**Commercial Real Estate Listing: Turnkey Restaurant with Versatile Additional Property**
**Property Overview:**
- **Address:** 1607 A & B Magnolia Ave, Buena Vista, Virginia 24416
- **Price:** $649,000
- **Type:** Commercial Real Estate (Restaurant and Additional Building)
- **Main Restaurant Size:** Approximately 2,500 sq. ft.
- **Additional Building Size:** Approximately 1,500 sq. ft.
- **Occupancy:** 60 indoor, 60 outdoor
- **Zoning:** Commercial (can be changed with city approval)
**Description:**
Discover this incredible opportunity to own a turnkey restaurant located in a prime area of Virginia, directly between Route 501 and Magnolia Avenue, ensuring consistent traffic and visibility. Around 5 miles from interstate I81. Currently operating as a BBQ and family-style restaurant, this well-established business is ready for you to step in and start serving customers from day one.
The main restaurant features a rustic setting with a spacious indoor dining area accommodating up to 60 guests, as well as an outdoor patio that can seat another 60 patrons. Equipped with a large built-in smoker and a commercial Italian pizza oven, this restaurant is perfect for a variety of culinary styles. The full-service bar is a fantastic addition, complete with multiple TVs for sports events, making it an ideal spot for gatherings and celebrations.
**Additional Property:**
Directly across the parking lot, you will find a charming rustic building with a wrap-around porch. Once a seafood restaurant, this 1,500 sq. ft. space is currently used as a food prep kitchen and owner-occupied living quarters. The large prep kitchen is fully equipped and could easily serve as a continuation of the current operation or be transformed into another business venture. The versatility of this building allows for a range of possibilities, including:
- Owner-occupied living quarters
- Rental property or AirBnB
- Additional business venture
- Rental for local college students
**Features:**
- Turnkey operation with established customer base
- High visibility with consistent traffic flow
- Outdoor patio with scenic views
- Full-service bar with multiple TVs
- Large prep kitchen in additional building
- Ample parking space
**Location:**
Situated in a bustling area between Route 501 and Magnolia Avenue, this property benefits from significant vehicle traffic. The restaurant is conveniently located near local amenities, making it a popular destination for both locals and visitors.
**Opportunities:**
With both properties offering a wealth of possibilities, you can continue the successful restaurant business while exploring additional income streams with the adjacent building. Whether you want to expand your culinary offerings, create a rental space for additional revenue, or live on-site, the options are endless.
**Schedule a Tour:**
Don’t miss out on this unique opportunity to own a thriving restaurant with additional potential. Contact us today to schedule a private tour or for more information.
**Owner Agent Contact:**
- **Name:** Brian Rowsey
- **Phone:** (843) 232-6998
- **Email:** brianrowsey@icloud.com
Take the next step in your culinary journey and invest in this incredible property today!

Property Facts

Sale Type
Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
2013/2023
Price
$903,213 CAD
Price Per SF
$225.80 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.35 AC
Opportunity Zone
Yes

Amenities

  • 24 Hour Access
  • Restaurant
  • Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

City National Bank
Truist

Property Taxes

Property Taxes

Parcel Number
41- 1- 2-20- 15
Land Assessment
$131,214 CAD (2025)
Improvements Assessment
$218,368 CAD (2025)
Total Assessment
$349,582 CAD (2025)
  • Listing ID: 39137187

  • Date on Market: 2026-01-19

  • Last Updated:

  • Address: 1607 Magnolia Ave, Buena Vista, VA 24416

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