$260,000
Eagle Rock, VA 24085
MLS# 930442
1 / 46
Property Description
Equipped former restaurant and mixed-use investment opportunity. Situated on approximately 1.41 acres just 0.6 mile from US Route 220, the property offers convenient regional access and a long history as a community dining destination. The building is configured for restaurant use with an approximately 100-person occupancy capacity, and the existing restaurant equipment remains on site. The business is currently closed; however, the existing layout and equipment provide a prospective owner-operator with an opportunity to reopen under a new or revived concept, subject to all required permits, licenses, inspections and approvals. Seller-prepared historical financials report 2025 sales of approximately $312,165, an increase of approximately 21% over 2024 sales of $257,700. Seller-reported 2025 net income was approximately $82,093, compared with $54,305 in 2024. These figures reflect prior operations and are not a representation of future performance. Supporting financial documentation is available for qualified-buyer review. The property is presented as allowing both commercial and residential uses, offering potential for restaurant reuse, another commercial concept or mixed-use repositioning. The roof is reported to be approximately 6-8 years old. Purchaser to independently verify zoning, permitted uses, occupancy, acreage, equipment condition and inclusion, financial information, licensing requirements and property condition.
Details
General Property Description
Construction Status: Completed
Total Acreage: 1.41
Flood Area: No
On site Parking: Yes
Water Class: N/A
Lease Available: No
Year Built: 1930
Location, Tax & Legal
Major Area: 07 - Botetourt County
Tax ID: 27A-50 & 27A-65 & 27A-64
Annual Taxes: 992
Area: 0700 - Botetourt County
Street Number: 14683
Street Name: Church
Street Suffix: ST
State/Province: VA
Zip Code: 24085
Municipality: Botetourt County
Remarks & Misc
Public Remarks: Equipped former restaurant and mixed-use investment opportunity. Situated on approximately 1.41 acres just 0.6 mile from US Route 220, the property offers convenient regional access and a long history as a community dining destination.
The building is configured for restaurant use with an approximately 100-person occupancy capacity, and the existing restaurant equipment remains on site. The business is currently closed; however, the existing layout and equipment provide a prospective owner-operator with an opportunity to reopen under a new or revived concept, subject to all required permits, licenses, inspections and approvals.
Seller-prepared historical financials report 2025 sales of approximately $312,165, an increase of approximately 21% over 2024 sales of $257,700. Seller-reported 2025 net income was approximately $82,093, compared with $54,305 in 2024. These figures reflect prior operations and are not a representation of future performance. Supporting financial documentation is available for qualified-buyer review.
The property is presented as allowing both commercial and residential uses, offering potential for restaurant reuse, another commercial concept or mixed-use repositioning. The roof is reported to be approximately 6-8 years old. Purchaser to independently verify zoning, permitted uses, occupancy, acreage, equipment condition and inclusion, financial information, licensing requirements and property condition.
Directions: 220N toward Fincastle and Eagle Rock; turn Right on James St. & continue over the bridge. After crossing the bridge, take a right onto state route 43. Iron & Oar Diner will be on the right side.
Limited Service
Not Limited Service: 1
Commercial Type
Retail: 1
Business Type
Restaurant: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Manufactured Homes
No HUD Tag: 1
Contract Information
Current Price: $260,000
List Price: $260,000
List Date: 2026-08-14
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Retail
Business Type: Restaurant
Manufactured Homes: No HUD Tag
Water Description: Public
Sewer Description: Public Sewer
Listing Office: KELLER WILLIAMS REALTY ROANOKE
Last Updated: September - 03 - 2026
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