Description
Mixed-use opportunity featuring an 11,108 SF building with a fully built-out restaurant, three 2nd floor apartments, and additional storage space with value-add potential. The ground floor includes a high quality restaurant space with multiple dining areas, bar, and commercial kitchen, while the upper level offers 3 residential units and approximately 2,260 SF of unfinished storage area with concept plans for conversion to additional apartments. The property is offered as a potential owner-user opportunity, as the current restaurant operation will conclude with the sale; however, the existing business assets may be available separately, and ownership will also consider securing a long-term tenant to reposition the property as an income producing investment, providing flexibility for both users and investors. Located in the historic Old Town district of Manassas, the property benefits from a prominent corner position within a walkable, high-demand downtown environment anchored by retail, restaurants, local government offices, and the Prince William County Courthouse. The area experiences strong demand for both retail and residential uses, supported by proximity to the VRE station, consistent foot traffic, and access to Rt. 28, Rt. 234, and I-66. Old Town Manassas continues to see steady investment and redevelopment, and the property is situated within a Qualified Opportunity Zone (Census Tract 9102.01), offering potential tax advantages for investors.
Description
Mixed-use opportunity featuring an 11,108 SF building with a fully built-out restaurant, three 2nd floor apartments, and additional storage space with value-add potential. The ground floor includes a high quality restaurant space with multiple dining areas, bar, and commercial kitchen, while the upper level offers 3 residential units and approximately 2,260 SF of unfinished storage area with concept plans for conversion to additional apartments. The property is offered as a potential owner-user opportunity, as the current restaurant operation will conclude with the sale; however, the existing business assets may be available separately, and ownership will also consider securing a long-term tenant to reposition the property as an income producing investment, providing flexibility for both users and investors. Located in the historic Old Town district of Manassas, the property benefits from a prominent corner position within a walkable, high-demand downtown environment anchored by retail, restaurants, local government offices, and the Prince William County Courthouse. The area experiences strong demand for both retail and residential uses, supported by proximity to the VRE station, consistent foot traffic, and access to Rt. 28, Rt. 234, and I-66. Old Town Manassas continues to see steady investment and redevelopment, and the property is situated within a Qualified Opportunity Zone (Census Tract 9102.01), offering potential tax advantages for investors.
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