Properties

311 GAY ST WASHINGTON Virginia 22747

$1,500,000

311 GAY ST, WASHINGTON, Virginia 22747 - $1,500,000

0.28 Acre
Property Description

The Town of Washington in the heart of Rappahannock County is where culinary tourism in America may well have begun. Home to the renowned Inn at Little Washington … Washington, Virginia, is a town surveyed by George Washington as a young man in July 1749. History abounds in the buildings, down the paths and roads of the Town – the scenery is world class and the community embraces those who visit to enjoy this beautiful place. A Village feel and often referred to as such — this is a vibrant location of dining, shopping, community activity and international visitors as about 90 minutes to Washington DC. FOR SALE is 311 Gay Street – an impressive mixed-used building in the center of it all. First a Mercantile, a Shoe Store, a Grocery Store and now one of the most prominent locations and buildings in town — there is excellent window retail frontage, 3 parking entrances from Gay, to Jett to Main Streets. Nearly 13,000 sqft with the valuable VS – Village Service zoning — the current tenancy currently includes County Offices, Professional Suites, a real estate broker, professionals and the County 4H. Formerly the home of Tula’s Restaurant – this SALE includes the appointments/FFE of the restaurant from tables and chairs, fixtures and furnishings, commercial kitchen equipment, stainless counters and food prep and storage shelving as well as a Turn Key rustic bar with television corner and a private meeting-small Banquet room adjacent the bar. Heart Pine Floors, high ceilings and natural light abound and there is a coveted out door dining patio with tables and chairs. Some personal property of sellers that is on-site does not convey. The 2010/2013 updated masonry building has large meeting spaces, a furnished tenants lounge with kitchen, nicely appointed private offices, a cubicle incubator loft, Comcast High Speed Internet, unique wood detailing crafted by a local woodworker, acoustical tile ceilings, updated HVAC and most suites are on separate electrical meters. There are 9 bathrooms. The building is in very good condition, and the current tenancy is income producing. This is a superb opportunity for a Restaurateur who wishes to be an owner-operator. Check with the town – the zoning allows for a Live Work environment. There is ample parking on site and street parking. The building is on Town Sewer and Water. Qualified Purchasers only and detailed resale package will be extended on qualifications. 311 Gay Street is a tenant occupied, income producing, investment worthy, solid building in great shape with potential and opportunity for the next owner to share in the renaissance a beautiful community that already hosts one of the worlds most respected restaurants and inn about 90 minutes to the Nations Capital at the foot of the Blue Ridge Mountains.

Property Details
Basic Details
Property Type : Land
Price : $1,500,000
Year Built : 1938
Lot : 0.28 Acre
Status : Active under contract
Features
: Heat pump(s), Programmable thermostat, Zoned
: Zoned, Heat pump(s), Programmable thermostat, Multi Units
: Monitored, Security system
: Private
Address Map
US
VA
Shenandoah Valley
RAPPAHANNOCK
WASHINGTON
WASHINGTON
22747
311 GAY ST
W79° 50' 25.3''
N38° 42' 44.9''
Additional Details
12,960 Sq.Ft
: Vs
: Hardwood, Concrete, Partially carpeted
: Cleared
: Block, Brick/mortar
N
: 0-30 days cd
Public Sewer
: Public
$0
115.74
2020
8181
: Architectural shingle
Personal property of tenants.
Gloria Rose Ott
VARP107784

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