311 Gay Street

Washington, VA
$ 1,500,000 Beds 0 Baths 0 Sq 12,500
Monthly Estimate* How much can I afford?

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 — 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 — 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 — 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.

Pending

  • Price
  • $ 1,500,000
  • Lot Size
  • 12,197 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 12,500
  • Full Bathrooms
  • 0
  • Year Built
  • 1938
  • Half Bathrooms
  • 0
  • City, Zip
  • Washington
  • Taxes
  • 8181
  • County
  • RAPPAHANNOCK
  • Style
  • Area
  • MLS#
  • VARP107784
  • Zip
  • 22747
Listing Provided by: TTR Sotheby's International Realty
Data Source: Bright MLS

Features

General

Accessibility Other, Low Pile Carpeting, 48 + Halls, Grab Bars Mod, Level Entry - Main
Business Type Other
Construction Materials Block, Brick Front, Mixed
Cool Fuel Electric
Cooling Heat Pump(s), Multi Units, Programmable Thermostat, Zoned
County RAPPAHANNOCK
Days on Market 18
Exclusions Personal property of tenants.
Flooring Concrete, Hardwood, Partially Carpeted
Heating Heat Pump(s), Programmable Thermostat, Zoned
Historic Y/N No
Location Type Downtown
New Construction No
Ownership Fee Simple
Parking Features Private
Possession 0-30 Days CD
Price Per Sq Ft 115.74
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Owner User
PropertyCondition Very Good
Roof Architectural Shingle
Security Features Monitored, Security System
Sewer Public Sewer
Subdivision Name WASHINGTON
Tax Annual Amount 8181.0
Tax Lot 106
Tax Year 2020
Topography In town, level parking on grade.
Utilities Phone Connected, Phone Available, Sewer Available, Water Available, Multiple Phone Lines, Electric Available
Vacation Rental Y/N No
View Mountain, Street, Other
Water Access Y/N No
Zoning VS
Zoning Description Village Service allows for numerous and various - mixed use

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 9

Exterior Features

Building Area Total 12960.00
Car Parking Spaces 10
Door Features French
Fencing Y/n Yes
Foundation Details Block, Brick/Mortar
Inclusions The FFE of the restaurant formerly operated as Tula’s which includes in part, dishes, glasses, cookware, utensils, wine and spirits, tables and chairs, food prep equipment, POS system, cooking supplies
Lot Features Cleared
Lot Size Acres 0.28
Lot Size Source Estimated
Lot Size Square Feet 12196.80
Navigable Water Y/N No
Roadresponsibility City/County
Topography Description In town, level parking on grade.
Total Parking Spaces 10
Type of Parking On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Woodbridge, VA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% 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. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/4/2021 Listed $1,500,000

Property vs Zip Code Average in 22747

Price
AVG $470K
$1.5M
Taxes
AVG $3,746
$8,181
Visits
AVG 64
24
Year Built
AVG 1938
1938
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data

Map

311 Gay Street Washington, VA is a Single Family Home for sale at $1500000 with 12500 sqft and a lot size of 12,197 SqFt Acre(s). 311 Gay Street Washington has 0 bedrooms, 0 baths and was built in 1938. The property's zip code is 22747 which is in Washington, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.