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Turnkey Restaurant Opportunity 674 Teresa

1,836 SF Retail Building Roanoke, VA 24019 £946,800 (£516/SF)

Investment Highlights

  • Corner location with high traffic count
  • New construction in a rapidly growing area
  • Paved parking lot and on-street parking
  • Great visibility
  • Established business with great reputation in the area and excellent sales history

Attachments

Floor Plan

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
1,836 SF
Year Built
2022
Price
£946,800
Price Per SF
£516
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.77 AC
Zoning
B-2 - Business
Parking
23 Spaces (12.53 Spaces per 1,000 SF Leased)
Frontage
220 ft on Read Mountain Road

Amenities

  • Corner Lot
  • Restaurant
  • Signage
  • Accent Lighting
  • Air Conditioning

About 674 Teresa , Roanoke, VA 24019

1,836sf restaurant building on 0.77ac corner parcel. Building was constructed in 2022 and is in excellent condition. Fully equipped restaurant with all equipment and fixtures to convey. Currently operating as an Italian restaurant with very high sales volume. Approved for 94 seats as well as outdoor patio seating. Two ADA bathrooms. Property is served by public water, sewer, natural gas, and high-speed internet. 400A 3-phase electrical service. Two 5-ton HVAC units and one 4-ton unit, all gas units with central A/C. Water softener, grease trap, 16’ hood, captive air system, tankless gas water heater, 6’x8’ walk-in cooler. 23 on-site parking spaces and on-street parking, Curbside pick-up window. Corner location with high traffic count on a heavily traveled corridor in a rapidly growing area. Current owner has a long-standing restaurant reputation in the area and will consider allowing the continued use of the restaurant name subject to further conditions. Full equipment list and historical sales data are available to qualified prospects upon execution of a confidentiality agreement. Virtual tour available upon request.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
107(12)B
Land Assessment
£122,611
Improvements Assessment
£443,576
Total Assessment
£566,186
  • Listing ID: 28201861

  • Date on Market: 11/04/2023

  • Last Updated:

  • Address: 674 Teresa, Roanoke, VA 24019

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