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Restaurant with Full Bar
For Sale
$499,000

29106 LANKFORD HWY, Melfa, VA 23410

Commercial Sale, MELFA, VA

Property Size4,530 SF
Lot Size1.76 Acres
Price / SF$110.15
Days on Market503

Property Features for 29106 LANKFORD HWY

General Information

Property type Commercial Sale
Property subtype Other
Zoning Business
Subdivision MELFA
Directions South bound lane of Route 13. Just south of Melfa traffic light. North of Community College
Standard status Active
APN 102-A-27 *
Size 4,530 SF
Lot size 1.76 Acres

Building Details

Year built 1966
Listing Agency: Weichert, Realtors Mason - Davis
Listed By: IAN MCLEAN
Added: May 23, 2025 Changed: Sep 30 Last Checked: Oct 7 at 12:06PM
MLS# 64440

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 4,530-square-foot restaurant property dates to 1966 and is configured for food service with a full bar and its own entrance. The restaurant was licensed for 100 patrons and has a stated capacity of 150. Improvements include new HVAC throughout the building, a walk-in cooler, and fresh interior paint. The property is zoned Business and includes three tax map parcels.

The site fronts Lankford Highway with approximately 225 feet of highway exposure and parking on the 1.76-acre lot. Highway 13 is identified as a major north-south route through the Delmarva Peninsula. The property is located near Eastern Shore Community College and Riverside Shore Memorial Hospital, with Melfa, Onley, Onancock, and Accomac among the nearby towns.

Key Highlights

  • 4,530‑square‑foot restaurant building constructed in 1966
  • Full bar with a separate entrance
  • Licensed for 100 patrons; stated capacity of 150

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Building Supply Grocery & Convenience Store Storage Facility Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Valero Energy Shops & Services
1,440 visits/mo 0.4 miles

Demographics for 23410, VA

2,440
Population
1,118
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
89%
High-School Grad
28.5 sq mi
ZIP Area
86
Density / Sq Mi
$50,313
Median Household Income
$41,986
Median Earnings
$967
Median Rent
$197,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated restaurant with a separate bar entrance, walk-in cooler, and on-site parking.
Where is this conventional restaurant located?
The property is located at 29106 LANKFORD HWY Melfa, VA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,530‑square‑foot restaurant building constructed in 1966; Full bar with a separate entrance; Licensed for 100 patrons; stated capacity of 150
More about this property
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