About This Restaurant
Investment Highlights
Executive Summary
This 3,053 sf Bank Branch is located on Main Street in Drakes Branch, VA. The building is comprised of a 2,503 sf building and a 550 sf Drive Thru. Blue Ridge Bank vacated the property in August 2023.This investment offers a passive investor an excellent return with an above market CAP Rate of 22.07% for the next 3 months. This would also be a great opportunity for user owner looking for a great location once the current lease ends.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Bank Bank General Retail Restaurant Office Medical Bank
- Building Size 3,053
- Building Class C
- Year Built 1972
- Price 199,000
- Price Per SF 65
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.85 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
| Parcel Number | 063-A4-0A-000-000-0010 063-A4-0A-000-000-0011-A 063-A4-0A-000-000-0009 063-A4-0A-000 | Improvements Assessment | $39,300 |
| Land Assessment | $205,107 | Total Assessment | $244,407 |
| Date Created: | 2024-07-16 04:23:47 | Last Updated: | 2024-07-16 04:23:47 |
| Address: | 4677 N Main St , Drakes Branch, Virginia, 23937 | ||