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Homes for Sale
Featured Commercial Listings AN AFFORABLE INVESTMENT WITH A CAP RATE, THAT COULD BE MADE A 10 PLUS! Located in Grundy, Virginia this 25 unit shopping center. Situated on approximately 12 acres, 93,890 square feet, Price per square foot is $3.50 (This is far below the national average of roughly $16.00 per square foot), this would mean more of a profit margin with rent increases over the next few years. No vacancies since the shopping center opened in 1978, Situated near Law School and Pharmacy School. This property generates 300,000 annually. Net Gross is 265,000 annually. Large open areas for potential out parcels, that could be sold or used for ground leases. Positive cash flow with 10% down payment you could own this shopping center, as there is a lender in place. List price $3,000,000.00 makes this A GREAT INVESTMENT AND A GOOD CANDIATE FOR A 1031 TAX EXCHANGE. Priced less than current tax assessment Don’t miss this opportunity! Out parcels could be sold or offered on a ground lease. Rents have not been adjusted since shopping was built! THIS IS A REAL MONEY MARKER!  Prince George County, Disputana, Virginia: CAN YOU BELIEVE THIS WONDERFUL OPPORTUNITY IS PRICED BELOW CURRENT APPRASIAL ON FILE? CURRENT APPRASIAL IS 3,000,000! Thriving truck stop on a major busy state highway. Includes a Bullets and Shell franchise: consist of a Car wash, walk-in freezer, walk-in cooler, free standing coolers, ice cream freezer, pizza oven, grill, new broiler, deep fryer, U Haul rental, drink dispense, food drive thru window, coffee station, display stations, booths, 8 gas pumps, 8 diesel pumps, outside dining and more. 3000 sq. ft. building on 6.75 acres.Turn key operation ready for you to take ownership. Remodeled interior fast food area just completed Nov. 2007. Due to recent recommendation by the Brac commission, massive expansion to take place in area and Ft. Lee by 2011. This property and business is with in about 10 miles of Ft. Lee.  Richmond, Virginia, Commercial/Industrial: This industrial property in Richmond, Virginia offers an enormous income producing opportunity with a positve cash flow in an up and coming commercially developing Commercial/Industrial Business Plaza. This building contains 17 individual units for lease and additional garages. Units equipped with hydraulic lifts. Gross Revenues exceeding $300,000 per year.  Hanover County, Ashland, Virginia: Looking for a 10 cap rate? Look no more, this warehouse is 100% leased and located in the Hanover Industrial Air Park. This warehouse has 6 bathrooms, 6 offices and a kitchen. There are 6 tenants including 5 who rent space inside the warehouse and 1 who rents outside space. This is a great investment opportunity! Do net let this pass by of owning the highly desired and coveted Hanover/Richmond area. Call John or Elaine directly for any showings or information about the property. Accompany show only! John: (804) 306-5620, Elaine: (757) 288-4685.  Mecklenburg County, LaCross, Virginia”, in the sleepy little town of LaCross, a builders or contractors dream project, approximately 29.75 wooded acres on rectangular lot. Pine trees on tract may be harvested and sold by new owner. The lot has a gentle slop with no major ravines or water areas. Perfect location for 100+ single family homes, condos or townhome units. County incentives available for residential development. This property is off of major traffic corridor and near I85. 1/2 mile away from main road a boom in commercial building and business is now happening.  4 Acre Partially wooded lot, be sold or ground leased in .50 parcels, on the corner of Harvie Road and Creaghton Road in Richmond , Virginia: Zoned Commercial, Adjacent to Gas Station and Convenience store. New mega shopping center plaza being built to be finished early 2008. There are 500 new homes currently under construction. These 2 projects are under a mile from station, and the 4 acres zoned for commercial building that goes with the station. THIS PARCEL IS RIPE FOR A SMALL STRIP MALL OR GROUND LEASES! This section is being offered at .50 area sections for purchase or ground leases.  Exciting Opportunity! New commercial building being constructed now in the heart of the Fan area of Richmond. Run do not walk to sign a lease for this wonderful site. Central location to VCU, the Siegel Center and numerous restaurants and galleries. Close proximity to 195 and I-64, large daily pedestrian traffic from morning to late night. One of the true hot spots of Richmond. Perfect location for a bookstore, night club, upscale restaurants, world market!  York County, Virginia: Sure fire money maker with positive cash flow. Upscale restaurant & night club in York County, VA. This business only opportunity has custom made bar, bar stools, waiting area, hostess stand & seating. Nightly entertainment, pool tables, innovative & exciting menu selections. Most nights this restaurant is filled to county capacity limits! Owner’s relocation is the motivation for selling.  This beautiful acreage on Gloucester’s historical corridor, Rt. 17 located in Gloucester County, Gloucester, Virginia, 3.61 acres zoned Village Community which will allow the visionary in you to come out. The zoning will allow for office condos, retail buildings, funeral pallor, spa, landscaping business, restaurant, day care or even residential community. The only obstacle to overcome is your imagination. Located in upper Gloucester County near Gloucester Courthouse, Wal-Mart and the hospital.  Located in Richmond, Virginia, this is a wonderful subdiviable 6.0608 acres in mixed use zoning. The property has a Convenience Store which has small pizza business, car wash & gas station. Wooded acreage of approximately 4 acres (per owner) surrounding store lot. Great deal of growth in the surrounding area to include small strip mall & several subdivisions. Just over 4 acres that is wooded is currently zoned O-2C. Both parcels have sewage & water lines per County of Henrico records. Perfect for use of a land lease on vacant land. New underground gas storage tanks installed late 2007. New mega shopping center plaza being built to be finished early 2008. There are 500 new homes currently under construction. These 2 projects are under a mile form station, and the 4 acres zoned for commercial building that goes with the station. Located on the corner of Laburnum Avenue and Creighton Road in Henrico County, Richmond, Virginia. EXCELLENT LOCATION FOR A SMALL STRIP MALL OR GROUND LEASE THE OUT PARCELS.  Landmark restaurant business and real estate for sale located in principal corridor in Richmond, Virginia”, This location is one of the best, located near a major urban university, 5 star landmark Hotel Jefferson and downtown core business, entertainment center. The building includes 2 second floor apartments, $200,000 new upgrades in restaurant. Restaurant is currently opened 24 hours, has a full alcohol and beverage license and business is on an upswing after major upgrades. Building is 4,400 square foot, cap rate 19%, built in 1920, a charming Richmond landmark that serves great food.  This is a very attractive building located in a nicely manicured office park setting in Henrico County, Richmond, Virginia, the property is fully leased, however a tenant who occupies 4,453 Sq. ft. on the top floor and 1,027 sq. ft. on the lower level has given notice and will be leaving in early 2008. Great opportunity for owner occupant. Located in the prestigious Monument Corporate Center, adjacent to the redeveloped Shoppe’s at Willow Lawn and the newly developed Monument Square Town Homes. Building is 14,825 square foot of elegant office space.  Magnificent hotel Commercial opportunity in historic Williamsburg, Virginia. This over 1 million dollar newly renovated hotel includes all 122 redone rooms, new elevators, and several other public areas. Being in the middle of Williamsburg’s historical area, over four million people visit this area a year. In close vicinity with Yorktown, Jamestown Settlement, Busch gardens, College of William and mary, Kingsmill Resort, Williamsburg Winery, Water Country USA, Colonial parkway, Waterman’s Museum, James River Plantation, President’s Park, and Williamsburg Pottery Factory, this is the prime spot to run a hotel such as this beautiful Travelodge Inn & Suites.  Laurel Fork, Virginia 834 Acres including a 174 acre 18 hole golf course, including clubhouse, restaurant, maintenance facility, indoor pool, and golf villas. The property also includes 206 acres of partially developed residential lots and roadways, and 454 acres of undeveloped land.  Historical commercial opportunity in Richmond, Virginia. While including seven apartments, two retail establichments and the best pizza returants in Shockoe Bottom, this building is in great condition, especially considering it was built before the civil war. This three story beauty has, over 10,000 square foot. A historical building in a historical section of town also has a great financial upside. DO NOT LET THIS ONE GET AWAY!  Intriguing business commercial hotel opportunity in Newport News, Virginia. This Ramada Inn includes 162 rooms and is near to Newport News International Airport. This five story building includes amenities such as an outdoor pool, huge lobby, cable in every room, and high-speed internet access. With outstanding visibility from both Jefferson Avenue and Mercury Blvd, this is an opportunity that is to die for.  Java, Virginia: Commercial, Chatham, Halifax Virginia: golf, vineyard, residential. This tract has residential, industrial, recreational, and personal development potential with plenty of frontage on a major highway and a state paved road. The property has a nice creek, merchantable and premerchantable income producing timber, nice rolling topography typical of the Virginia countryside, beautiful farms/ranches/countryside surrounding it with a nice view of the countryside on several different sites on the property. Potential for golf course development, vineyard, and estate for personal residence, and great potential for mini farm development. Great hunting currently on the property.  Mathews, Virginia, Commercial, Retail or Wholesale: Sibley’s General Store located in downtown Mathews, Virginia has the best location in Mathews. This convenience store offers lots of renovations including new plumbing, well, electric, phone and DSL lines, hardwood floors, paint and so much more!!!!  Excellent office building opportunity in Chesapeake, Virginia. Situated on 1.25 acres, this is a prime location for any business, professional, or church. With a partially wooded lot and room for expansion, this is perfect for any young entreprenuer.  Commercial Land: Gloucester, Virginia: 1.37 acres of commercial land located in Gloucester, Virginia zoned B1  Virginia, Beach, Virginia: Restaurant, Retail: Turnkey restaurant approximately 9600 sq.ft. including outdoor seating with original lease term through September 2014. Located on Great Neck Road, within Chambord Commons, at corner of Virginia Beach Blvd., Virginia Beach, Virginia  Lancaster, Virginia, Are you looking for a waterfront commercial business? This is a developers dream with 2 parcels of land totaling 18 acres in Lancaster, Virginia on the Corrotoman River!!!! Both parcels of land have water access and are sub dividable. Priced to sell!!!  Chesterfield, Virginia, Commercial, Car Wash: Business with Real Estate in Chesterfield, Virginia. Like new, state of the art car wash with 2 automatic bays, 3 self service bays and auxiliary stations for vacuuming and shampooing. Great business that requires minimal time and effort, almost a passive investment. This business is only in its 3rd year and it generally takes 5 years to reach profitability. The owners want to concentrate on their primary businesses and are willing to sell for less than the cost to create today. High traffic counts and an end to local construction poise this investment for a bright future.  Located in the heart of Downtown Suffolk’s historic business district. Close proximity to Hilton Conference Center hotel, and major retail corridor. Easy access to Rte 58 which feeds into I-664 and I-264. This 2 story Office/Residence in Historic Downtown Suffolk. 2,134sf on .24acres. Complete remodel includes new HVAC, Hardwood Floors, two kitchens (one on each floor), Two Full Baths, Ample On-Site Parking, Storage Shed. Central Business District Zoning (multiple uses) and Real Estate Tax Abatement.  Unique Opportunity to own one of the only salvage company in Williamsburg/James City County, Virginia. This business has years of client trade and good will that will convey. A constant stream of satisfied customers who have had their cars repaired will be an assets for the new owner. Located off a major traffic corridor perfect opportunity for vertical integration. |
Business to Business BrokersBusiness Only transactions require a unique expertise to complete. First, the business must be evaluated for its true value. How is a Business Without Real Estate Valued?Without real estate, a business may still have a tremendous amount of value. For example, if a sign company has been leasing a building for 30 years, they still have a client base, and a brand name that is locally recognized. A client base and a name in the community is an asset. Some businesses, such as service-based industries, may have intellectual capital. For example, a company that trains executives how to be more effective might have copyrighted and licensed training modules designed for this purpose. That training module has real value in the eyes of the lender. There are numerous other criteria on how businesses are valued, according to assets and financials. The VonCannon Starke team are experts in this arena. Contact us at vonmor1@cox.net.Sound Advice when Selling a BusinessThe VonCannon Starke team has access to Asset Lenders in the commercial arena. For SBA loans, a business owner must write a business plan one year in advance, and produce financials, and hypothetical information for banks. "When listing your business, I work closely with Asset Lenders to identify hard money and qualified buyers to buy your business," noted Elaine VonCannon.
Evaluating What a Business is Worth: Buying a BusinessA qualified attorney is needed in the state of Virginia in order to sell a business. Check the laws for your own state. Here are essential aspects of a business that must be analyzed to obtain a business valuation:
Business ValuationsWhen performing a business valuation, do not put too much emphasis on the profit and loss statement. Profit and loss statements are not the defining principle of a good business buy. VonCannon Starke will help the business buyer identify commercial investments with great potential, high yield to cap rates, and maximum return on investment. We will help you evaluate the client base, and offer suggestions to improve on the product or service that will make the business more profitable. Rely on the VonCannon Starke team for solid advice on all commercial purchases. |
