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18928 US Highway 58 8,702 SF Retail Building Castlewood, VA 24224 $751,878 CAD ($86.40 CAD/SF) 2.20% Cap Rate
Investment Highlights
- Drive Thru
- 2,320 sq/ft and is leased for office use
Executive Summary
For nearly 60 years this drive-in restaurant has been in business serving the public with a reputation as a landmark destination for good food. The property is .99 acre with 4 structures on it. The primary building is the restaurant that is fully equipped and is 4,590 sq/ft. Another structure is 2,320 sq/ft and is leased for office use. A third building is a 1,792 sq/ft manufactured doublewide home that could also be for use or rental income. The fourth building is a smaller brick building. Please contact the listing broker for any questions, more information, and to schedule a property showing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,702 SF
Building Class
C
Year Built
1967
Price
$751,878 CAD
Price Per SF
$86.40 CAD
Cap Rate
2.20%
NOI
$16,524 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.99 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 156LILE3337 | Improvements Assessment | $403,314 CAD |
| Land Assessment | $176,971 CAD | Total Assessment | $580,285 CAD |
Property Taxes
Parcel Number
156LILE3337
Land Assessment
$176,971 CAD
Improvements Assessment
$403,314 CAD
Total Assessment
$580,285 CAD
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18928 US Highway 58
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