Listing Courtesy of RE/MAX LAKEFRONT REALTY INC
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TERRIFIC INVESTMENT OPPORTUNITY IN COLLEGE TOWN AT THE FOOTHILLS OF THE BLUE RIDGE MTS NEAR THE PARKWAY & W/IN WALKING DISTANCE TO FERRUM COLLEGE (1200+/- STUDENTS). RESTAURANT, RETAIL, 5 APARTMENTS ''MORRISON INN APARTMENTS'' PROVIDE TERRIFIC INCOME. FORMERLY KNOWN AS ''PARADISE GRILL''. GREAT SPOT FOR COFFEE SHOP, PIZZA PARLOR, DISTILLERY, BREWERY, B&B, RETAIL SHOPS...SO MANY POSSIBILITIES! CAN PURCHASE W/ KITCHEN EQUIPMT FOR $285,000. SOME FURNISHINGS/DECOR NEGOTIABLE. HEATPUMPS FOR APTS. PROPANE FOR MAIN LEVEL (NO PROPANE TANK ON PROPERTY). 4 UNITS CURRENTLY RENTED ($2,985) CAN RENT 5TH UNIT FOR $800 MORE!! (INCL ALL UTILITIES). TOTAL 3-1BR UNITS; 2- 2BR UNITS. OWNER PAYS ELEC., WATER/SEWER, CABLE/WIFI, TAXES, INS.
||4405 TIMBER LINE RD
0400 Franklin County
Assigned School Zones
- Ben Franklin Middle
- Franklin County
| Ferrum Elementary School||(Preschool-5)|
| Henry Elementary School||(Preschool-5)|
- Heat Pump Electric
- Forced Air Gas, Heat Pump Electric, Other - See Remarks
- FROM ROCKY MOUNT TAKE 40W TO FERRUM, TURN L ON FIELDCREST, TURN R ON TIMBER LINE TO BLDG ON LEFT (PARADISE GRILL/MORRISON APTS).
- RE/MAX LAKEFRONT REALTY INC - CHRISTY HODGES PLOCH
Property Listed By RE/MAX LAKEFRONT REALTY INC
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