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    311 Gay Street

    WASHINGTON, VA 22747
    • $1,500,000
    • STATUS: Pending
    • ON SITE: 49 days
    • ID#: VARP107784
    Pending
    UPDATED: 52 min ago
    $1,500,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1938
    County:

    School Ratings & Info

    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 +GG 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 +GG 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 +GG 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.

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    ©2021 Bright MLS, 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bic DeCaro & Associates | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-22T23:53:24.233.
    www.bicdecaro.com/homes/114760011
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    311 Gay Street WASHINGTON, VA 22747

    • Price: $1,500,000
    • Status: Pending
    • Updated: 52 min ago
    • ID#: VARP107784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1938
    Built
    Neighborhood:
    Washington
    County:
    Rappahannock
    School District:
    Rappahannock County Public Schools
    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 +GG 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 +GG 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 +GG 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.
    Exterior Features

    Construction Materials BlockBrick FrontMixed Door Features French Garage YN No Location Type Downtown Lot Features Cleared Other Equipment See RemarksNegotiable Parking Features Private Parking Types On StreetParking Lot Property Condition Very Good Riparian Rights YN No Road Responsibility City/County Roof Architectural Shingle View MountainStreetOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 12960.00 Cooling Heat Pump(S)Multi UnitsProgrammable ThermostatZoned Exclusions Personal Property Of Tenants. Flooring ConcreteHardwoodPartially Carpeted Heating Heat Pump(S)Programmable ThermostatZoned Heating YN Yes Inclusions The Ffe Of The Restaurant Formerly Operated As Tula+Ógé¼gäós Which includes in PartDishesGlassesCookwareUtensilsWine And SpiritsTables And ChairsFood Prep EquipmentPos SystemCooking SuppliesEspresso Coffee Maker All Conveyed As is. The Kitchen is Fully Equipped. There is A Fully Furnished Tenant Lounge And That Furniture Conveys As Well. Net Square Feet 12500.00 Security Features MonitoredSecurity System

    Property Features

    Accessibility Features OtherLow Pile Carpeting48"+ HallsGrab Bars ModLevel Entry - Main Assessment Year 2020 Association YN No Business Type Other Central Air YN No Cooling Fuel Electric Elevators 0 Foundation Details BlockBrick/Mortar Heating Fuel Electric Historic YN No Hot Water Electric Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304478025887 Owner Pays Miscellaneous Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8181.00 Tax Assessment Amount 1120700.00 Tax Lot 106 Utilities Phone ConnectedPhone AvailableSewer AvailableWater AvailableMultiple Phone LinesElectric Available Vacation Rental YN No Water Source Public Year Built Effective 2011 Zoning Vs Zoning Description Village Service Allows For Numerous And Various - Mixed Use

    Listing courtesy of Ttr Sotheby's International Realty.


    ©2021 Bright MLS, 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bic DeCaro & Associates | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-22T23:53:24.233.
     
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