The somewhat distressed looking Napoleon’s Restaurant at 67 Waterloo St., in Old Town Warrenton’s historical district was foreclosed upon in December of 2010. Napoleon’s opened in 1978, and was sold to Al Nosrat in 2002. Four years later he sold it to Grand American LLC. When The Fauquier Bank foreclosed on Grand American, which it had loaned $ 1.6 million to buy the restaurant, it assumed $ 1.5 million in debt on the property.
For around a year, the parking lot has been chained off, with “for sale” signs hanging from the chain. That chain is no longer there. Earlier this month, it was reported that the property has new owners.
The original home on the site was built in 1838, and was home at one point to Eppa Hunton, a Civil War General, and 4 time Congressman for Virginia.
Napoleon’s was a fairly busy place before the foreclosure, featuring bands and DJs, different styled menus in different sections of the building, and 2 outdoor eating areas.
The Fauquier Times-Democrat is reporting that the new owners are planning on renovating the property and putting an Italian restaurant on the site.
The new owners, who purchased the property for $350,000, are estimating that it will take a year and between $500,000 and $ 1 million to fix the place up and open it to the public. While they are aiming at building a restaurant, one of the owners told the Democrat-Times reporter that financially it might make the most sense for them to sell the property, so we shouldn’t necessarily be dreaming of a new place for dining in Old Town just yet.
I’m excited by the change, and looking forward to seeing whatever is developed, and hoping that it’s something that will attract visitors to Old Town Warrenton. The building has been empty for too long.
I decided to take a number of pictures and post them here so that we can look back and a year or so and see some significant changes and improvements (fingers crossed).
Hopefully it will be a “destination” for people from outside of town, that will draw them into exploring the things that Old Town has to offer.
With a year of renovations possibly ahead of us, the place might not see visitors until 2013, but I hope the planned changes go so smoothly that the place starts coming alive over 2012.
Until then, we just have to “wait to be seated.”