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18928 US Highway 58 8,702 SF Retail Building Castlewood, VA 24224 $760,980 CAD ($87.45 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
$760,980 CAD
Price Per SF
$87.45 CAD
Cap Rate
2.20%
NOI
$16,724 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.99 AC
Amenities
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 156LILE3337 | Improvements Assessment | $408,024 CAD |
| Land Assessment | $179,038 CAD | Total Assessment | $587,061 CAD |
Property Taxes
Parcel Number
156LILE3337
Land Assessment
$179,038 CAD
Improvements Assessment
$408,024 CAD
Total Assessment
$587,061 CAD
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18928 US Highway 58
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