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Historic Lancaster Tavern, CASH "AS IS" SALE TERMS Heavily fire damaged and exposed to the elements. +/- 4,292 SF + basement, 1.351 acres with 85' road frontage. Commercial kitchen, 2 dining areas each w/fireplace & entrance foyer w/2 restrooms. Public water & private septic. The sellers's vision was to revitalize the historic Lancaster Courthouse district by the renovation of these properties. In 1790, the Court granted Henry Hinton permission to build a tavern, considering it a "public advantage" & it operated for over a century before becoming a private home then a dental office. It was re-established as an inn in 1982. This grand old building has suffered significant weathering from exposure to the elements since the April, 2020 fire, & needs restoration to its former glory as an eating, lodging & gathering place. Wonderful architectural elements remain. Seller planned a cozy, basement cigar/wine bar. Possible state/federal tax credits available & Lancaster County has said that accessory dwelling units could be added to the rear of this property for additional cashflow opportunity. This is 1 of 3 historic properties up for online bidding.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Updated: 27th March, 2023 3:52 AM (UTC)
Listing Agent: Linda Terry
Listing Office: Tranzon Fox Auctions