Restaurant/Taphouse Bldg w/FF&E South Hill, VA

Restaurant/Taphouse Bldg w/FF&E

• 3,250 SF Fully Renovated- new roof, systems, FF&E
• Possible Restaurant Franchise/Brewery or Pub/Catering
• 50-60 person capacity, possible outdoor patio expansion
• Well-located c 1950 former ABC Store

Turn this immaculate and move-in ready building into the small business of your dreams! South Hill is eager to welcome a new local restaurant, sports bar, taphouse, brew pub, café, bakery, coffee shop or other concept to this centrally located space. South Hill is an expanding hub town of Southside Virginia, within 20 minutes of the Microsoft Data Center and Buggs Island & Lake Gaston recreation areas.

Originally built as an ABC store, this brick building has been fully renovated with over $350,000 invested in upgrades and equipment. New rubber roof, 3-zone HVAC, internal Wi-Fi system, TVs, stereo system and computer equipment, 15-tap draft beer dispenser system, kitchen equip, and other furnishings. Current owner planned to open a Zero's sub franchise with evening brew pub hours. There is no drop ceiling in the rear area of the building to accommodate brewing tanks and any future buildout. Negotiate a long-term lease arrangement with the town of South Hill for outdoor space to expand capacity. Columbia Natural Gas connection is available to the building.

In addition to the real estate, the FF&E that conveys has significant value. Download the Property Information Package for complete list of assets and floorplan layout concept.

This building is in a VA Enterprise and Opportunity Zone, with grants available for both the real estate and job creation. Talk with Brent Morris, South Hill Business Development Manager, at 434-774-4444

https://www.vedp.org/incentive/virginia-enterprise-zone-real-property-investment-grant
https://www.dhcd.virginia.gov/vez
https://www.irs.gov/credits-deductions/businesses/opportunity-zones

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Rae Nunnally

Rae Nunnally: Tranzon Key

804-839-5014 rnunnally@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 30-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
• Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.