Urbanna, VA 23175 | 1933487 | Berkshire Hathaway HomeServices Towne Realty

$529,000

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    Urbanna, VA 23175

    Closed
    SOLD 7/16/2020

    $529,000

    Market Estimate
    • 13,000 sq. ft.
    • 0.75 Acres
    • Commercial
    • MLS# 1933487
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    Property Details

    The Chesapeake Inn, Restaurant and Banquet Facility - a 100% Turn-Key business opportunity located in historic Port Town Urbanna, VA! The property, situated in the heart of Urbanna, consists of 2 separate buildings, each containing approx. 6,500 sft. of recently renovated space. Building 1 (The Inn) is comprised of 13 professionally decorated boutique hotel rooms with en suite bathrooms, a business office and linen storage area. Building #2 (Restaurant and Banquet Facility) contains a 3,000 sft. Banquet facility which seats up to 80 and a 3,500 sft. full service restaurant which seats up to 150 as well as a separate business office dedicated for the restaurant. Within the banquet facility, you will find a full service catering kitchen, bar area, restrooms and storage. The restaurant space boasts a formal dining room, game room, large bar area, outdoor covered patio, fully functioning kitchen, prep area and dish room. Too much to list here. See attachments. Inn, banquet facility and restaurant are in current operation. All pers. prop. and trade fixtures convey!

    Neighborhood

    23175 (Urbanna) Demographics

    56 Median Age
    100 Population Density (per sq. mile)
    32% College Educated
    $39,904 Estimated Median Income
    620 Estimated Total Home Owners
    214 Estimated Total Renters
    74% / 26% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    1,629 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $319,500 Median Sales Price
    5 Homes Sold
    4 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $649,000 22.68%
        7/16/2020 3:00:00 AM Sold Source New Value: $529,000 6.33%
        6/26/2020 10:13:04 AM Status Changed Source New Value: Pending
        6/2/2020 10:12:55 AM Price Reduced Source New Value: $497,500
        Listing information is provided in part by the IDX program of the Chesapeake Bay & Rivers Association of REALTORS®. The information on this website 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2020 Chesapeake Bay & Rivers Association of REALTORS®. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.