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Prime Cape Charles Commercial Opportunity

307 MASON AVE Cape Charles, VA 23310

307 MASON AVE, Cape Charles, VA, 23310
$499,000
For Sale
$499,000

COMMERCIAL - CAPE CHARLES, VA

Property Size4,920 SF
Price / SF$101.42
Days on Market68

Property Features for 307 MASON AVE

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
83A3-1A-614B
Size
4,920 SF

Building Details

Year built
1920
Listing agency CHESAPEAKE PROPERTIES
Listed by KIMBERLEY M. STARR
Added: May 16 Updated: Jun 1 at 8:30PM Checked: Jul 22 at 8:06AM
MLS# 71431

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 two-story commercial property, totaling 4920 square feet, is situated in downtown Cape Charles, directly across from the Cape Charles Town Harbour. Located in the historic district, this property offers an investment opportunity and is eligible for historic tax credits, a 10-year real estate tax abatement, and Enterprise Zone renovation rebates. The property presents redevelopment possibilities, including the potential to add a third-story addition with harbor views, subject to town approvals. The second floor is currently gutted, offering potential for a condo. The commercial building is located next to the Historic Palace Theater to the west and The Boardwalk to the east. The property is currently partially leased to the 23310 Shop and has deeded rear alley access. It is suitable for retail, restaurant, office, mixed-use, or income-producing ventures.

Key Highlights

  • Prime downtown location directly across from Cape Charles Town Harbour.
  • Eligible for historic tax credits, a 10‑year real estate tax abatement, and Enterprise Zone renovation rebates.
  • Opportunity to add a third‑story addition with potential harbor views.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cape Charles Vacation ... Vacation Rental Destination 23310 Clothing Store

Suggested Use

Building Supply Plumbing Service Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Storage Facility Catering Service Hair Salon Kitchen & Bath Showroom

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

FAQs

What type of property is this?
Mixed-use property - Two-story commercial property in the heart of downtown Cape Charles.
Where is this mixed-use property located?
The property is located at 307 MASON AVE Cape Charles, 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: Prime downtown location directly across from Cape Charles Town Harbour.; Eligible for historic tax credits, a 10‑year real estate tax abatement, and Enterprise Zone renovation rebates.; Opportunity to add a third‑story addition with potential harbor views.
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