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2664 Old Galax Pike

Hillsville, VA 24333
  • $400,000
  • STATUS: Active
  • ON SITE: 19 days
  • MLS #: 78497
UPDATED: 57 min ago
$400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,260
    SQFT
  • $76
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This is a wonderful opportunity for a restaurant with an excellent location. RESTAURANT PORTION ONLY! You are less than a quarter mile from Interstate 77, and can be seen from the interstate. It is currently set up for a Chinese Restaurant. The restaurant closed due to COVID, and the renters couldn't sustain business. Before COVID, the business was thriving. The name was Peking Palace, as you can see from the photos. All of the equipment, decor, and other contents of the building will convey with the sale. The owners of the building rented it to the restaurant owners for $3,000 per month. This could be a potential use of the building, or you can run your own restaurant/business as well. The building is 5260 SQFT, and has a fairly open floor plan. The roof is only 2 years old. Please note, you are buying the building and its content, you are not buying a business. There are no books to provide profits and losses, and there is no current tenant in place. The restaurant has been closed.

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© 2021 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Highlands Realty, Inc.. Data last updated: 2021-06-17T18:10:42.633.
www.highlandsrealtyinc.com/homes/117686833
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2664 Old Galax Pike Hillsville, VA 24333

  • Price: $400,000
  • Status: Active
  • Updated: 57 min ago
  • MLS #: 78497
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,260
SQFT
$76
$/SQFT
Neighborhood:
Hillsville
County:
Carroll
Area:
Hillsville
Property Description
This is a wonderful opportunity for a restaurant with an excellent location. RESTAURANT PORTION ONLY! You are less than a quarter mile from Interstate 77, and can be seen from the interstate. It is currently set up for a Chinese Restaurant. The restaurant closed due to COVID, and the renters couldn't sustain business. Before COVID, the business was thriving. The name was Peking Palace, as you can see from the photos. All of the equipment, decor, and other contents of the building will convey with the sale. The owners of the building rented it to the restaurant owners for $3,000 per month. This could be a potential use of the building, or you can run your own restaurant/business as well. The building is 5260 SQFT, and has a fairly open floor plan. The roof is only 2 years old. Please note, you are buying the building and its content, you are not buying a business. There are no books to provide profits and losses, and there is no current tenant in place. The restaurant has been closed.
Exterior Features

Building Exterior Brick Exterior Features Parking 10+ Spaces Lot Dimensions 0.4 Acre Road Frontage Feet 0 Roof Rolled/Hot Mop Style Building Masonry

Interior Features

Air Conditioning Heat PumpCentral Air Floors CarpetVinyl Heating System Central ElectricCentral Heat Pump Interior Features Public Restrooms Manufacturing Sq Ft 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Additional Structures Shed Building Age 34 Years County Taxes 2618.76 Current Use OtherRestaurant Equipment Leased Propane Tank Equipment Trade Fixtures All Equipment And Decor Gross Income 36000.00 Lot Number 2 Net Income 36000.00 Property Description Seller Will Not Divide Property Type Commercial Other Sewer Public Sewer Sprinkler System None Tax Map Number 82-5-2 Tax Year 2017 Town Taxes 828.96 Utilities Phone AvailableElectricity Connected Water Sewer Public Zoning Com/Ind

Listing information © 2021 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Keith Clark of Bhhs- Mountain Sky Properties-Hillsville.


© 2021 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Highlands Realty, Inc.. Data last updated: 2021-06-17T18:10:42.633.
 
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