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    151 Market St Onancock, VA 23417

    Sponsored
    For Sale
    $997,000

    Established Restaurant, High Visibility, Corner Lot

    Property size:
    3,036 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional turnkey restaurant opportunity is located at 151 Market Street in the charming town of Onancock, Virginia. Situated on a highly visible corner lot with ample parking, this 3,036 square foot establishment boasts a prime location for attracting customers. The restaurant sits on a 0.27-acre lot and is completely up to code, ensuring a smooth transition for the new owner. Recent upgrades include new carpeting installed in 2023 and new service bar flooring, also completed in 2023, demonstrating a commitment to maintaining a high standard of quality. The sale includes all restaurant equipment and furnishings, excluding a few personal items to be discussed before closing. This well-established, family-friendly restaurant has a proven track record of success, having earned multiple awards and cultivated strong community ties. This presents a rare chance to acquire a profitable and thriving business with significant potential for continued growth. The asking price for this turnkey operation is $997,000. Don't miss this unique opportunity to own a successful and established restaurant in a desirable location. Schedule a showing today to explore this exceptional investment.

    Property Features for 151 Market St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,036 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Market Street Grill American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Onancock
    County
    Accomack
    State
    Virginia
    Longitude
    -75.73634
    Latitude
    37.71003

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, High Visibility, Corner Lot
    Where is this commercial real estate located?
    The property is located at 151 Market St Onancock, VA.
    What is the asking price?
    The asking price for this property is $997,000.
    (443) 552-7579
    Request Owner's contact information
    151 Market St Onancock, VA 23417
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    Onancock, VA 23417
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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
    151 Market St Onancock, VA 23417
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