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231 W Main Street, Abingdon, VA 24210

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For Sale

$999,000

7,268 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $137.45
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Turn Key Restaurant in the heart of Abingdon VA that is ready to run tomorrow! Formerly The Peppermill, as it can still be seen on websites such as tripadvisor, was a successful venue with a great reputation. Quality food in a clean and historic home that was built in 1909. Directly in the center of a growing community that has long standing icons such as The Barter Theater and Martha Washington Inn within a city block away. The Creaper Trail and many other activities are only moments away. The Pinnicle Shopping and Entertainmet area, Bristol Motor Speedway and the brand new Hardrock Hotel and Casino are just a couple of exits away! This is a place that locals loved and many others came from far away to enjoy the setting, food and cocktails! The interior is simply stunning with approximately 6500 square feet...Fireplaces in almost every room, meticulously restored, decorated perfectly and fully functional as a restaurant with a seating capacity of 100 including the 25 on the covered porch. Fully wired sound system, POS computers for orders and accounting, full commercial kitchen with a separate bakery and both have hoods. Most of the kitchen refrigeration systems are new. There is a walkin freezer, beer cooler and tap system in place for 10 taps, full bar set up and ready to run. All plates, napkins, everything you see stays. It simply needs someone to walkin, invite friends and cook. There is a city parking lot across the street. There is also a seperate house that goes with the property. The lower level is storage and the walk in freezer and there is a 1 bedroom apartment upstairs. New roofs on both of those buildings! They Have hosted many large groups....tour buses going to Barter Theatre, wedding rehearsal dinners, corporate and private Christmas parties, have had several weddings performed on the beautiful staircase, and much more. Has been a beloved restaurant in Abingdon for 21 years. Abingdon won USA Today's TOP 10 SMALL TOWN FOOD SCENE 3 years in a row. Come and see your new restaurant or incredible B and B today!
MLS# 9985713

Courtesy Of Coldwell Banker Security Real Estate of Tennessee Inc.

(423) 282-2595

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.4 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 231 W Main Street, Abingdon, VA 24210

Home seller CENTURY 21 Legacy

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Legacy

(423) 282-1885
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.