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    17405 Lankford Hwy Parksley, VA 23421

    For Sale
    $850,000

    Commercial - GARGATHA, VA

    Property size:
    33,000 SF
    Days on Market:
    107
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 17405 Lankford Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Interior features
    Wet Sprinkler System
    Size
    33,000 SF

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Multi Units, Wall Unit(s)

    Building Details

    Year built
    1963
    Flooring type
    Concrete
    Architectural style
    Other

    Coldwell Banker Harbour Realty (757) 787-1305 [email protected]

    Listing agent JOSEPH L. CAFFREY (757) 787-1305

    Listing date Aug 29, 2025

    MLS# 56333 Listing URL

    Copyright © 2025 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gargatha Commercial Property For Sale

    This commercial property in Gargatha, VA, features two buildings totaling approximately 33,000 square feet. Formerly utilized as assisted living and nursing facilities, the buildings are currently vacant but are reported to be in very good condition with all systems operable. The property includes two buildings located at 17405 and 17425 Lankford Highway, as well as four additional parcels: 69-9-E, 69-9-F, 69-9-G and 69-9-RD00. These additional parcels are situated around the corner on Gargatha Landing Road and consist of a three-lot cleared subdivision with unimproved road access. The total land area included in the listing is nine acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior housing facilities

    Suggested Use

    Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store HVAC Service Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parksley
    County
    Accomack
    State
    Virginia
    Longitude
    -75.5982026
    Latitude
    37.7979481

    Nearby Similar for Sale

    • $279,000
      2,300 SF

      Residential Farmhouse in Parksley, VA

      Spacious home in charming Parksley, near shops and restaurants.
      24159 Chadbourne St, Parksley, VA 23421
      View Details
    • $309,000

      Parksley Specialty Property For Sale

      Specialty property available for purchase in Parksley, Virginia.
      24171 Adelaide St, Parksley, VA 23421
      View Details

    FAQs

    What type of property is this?
    Senior housing facility - Two buildings totaling 33,000 SF on nine acres.
    Where is this senior housing facility located?
    The property is located at 17405 Lankford Hwy Parksley, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Two buildings totaling 33,000 (+/-) sf in very good condition with operable systems.; - Includes four additional parcels - a three-lot cleared subdivision with unimproved road access.; - Total of nine acres included in the listing.
    (757) 787-1305
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    17405 Lankford Hwy Parksley, VA 23421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17405 Lankford Hwy Parksley, VA 23421
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