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574 Pine Grove RoadBluemont, VA 20135Price: $689,000

  • Price: $689,000
  • 16 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $689,000List Price
  • 2.28Acreage

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This well known, well located and much loved Pine Grove Restaurant and property is for Sale. Successfully lease operated as a local community and tourist destination restaurant for the last 20 years. Located on the Western Slopes of the Blue Ridge Mountain just above the Shenandoah river just off rte 7. This premier location is at the center of one of Loudoun and Clarke Counties Wineries, Breweries and Tourism's busiest areas. In addition there are 2 very active Appalachian Trail heads and there are also at least 6 popular Breweries and wineries with 2 miles along with a number of farm related tourist attractions. The 2.28 acres are zoned Neighborhood Commercial. The restaurant closed in April after the last tenant moved on and the current owners would like to sell the property, business and all the equipment. Some of which includes a 60" Vulcan thermostat controlled flat top grill, 6 foot True sandwich prep, True double door refrigerator and other freezers and refrigerators, fryer, microwaves, coffee maker and a POS system with tablets and ticket printers. Also includes all the furnishings and smallwares. It does not include the ATM or Soda Fountain. While there have been a number of inquiries to lease the operation the property is not currently offered for lease and the equipment is not available for purchase separately. In addition to the indoor seating there is a popular outdoor covered patio dining area. This property offers numerous opportunities that have not been utilized in the previous operation such as Retail, Convenience, and Beer and Wine sales both on and off, soft serve, health food and CBD, Specialty coffee etc. There are also a number of AIRBNB opportunities and there is an apartment (currently occupied) that could be a monthly or daily rental. The current apartment tenant would like 60 days after closing to relocate. Below the apartment is an additional space that could also serve as a separate retail or other use and could also be remodeled into another rental unit. In addition there is a separate approved 5 bdrm perc that could be used to build an owners residence or a small country inn. The business has successfully operated continuously for the last 20 years and while the facility could certainly benefit from a good cleaning and some remodeling there is nothing currently known that would prevent it from opening again tomorrow. There is a creek that runs thru the property along the southern border that would be suitable for several camping or yurt locations. There is also a couple organic garden spaces, a small greenhouse, blueberry bushes and a couple apple and a peach tree. The drain field is commercial grade and has a permit in place for up to 1300 gallons discharge per day. Currently during peak operations the average use was less than 500 gallons. The well is tested for the State, quarterly, and is considered a public well. The community would love to see this Restaurant reopened but there are also many other potential uses either together or separately. If you are not inclined to run a restaurant but have use for other aspects of the property one could lease the Restaurant out. There has been a number of inquiries in this regard but the current owners want to sell the property.

Property Details of 574 Pine Grove Road

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Listed by Glen R Poe of Realty FC LLC

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