Main St Chincoteague, VA 23336
This exceptional 2.54-acre waterfront property in Chincoteague, Virginia, presents a unique development opportunity. Situated along the island's renowned waterfront, this parcel boasts convenient access to existing city amenities and infrastructure. Chincoteague Island's status as a thriving tourist destination ensures strong potential for lucrative returns and long-term value appreciation. The property's strategic location benefits from the ongoing growth and expansion of adjacent markets, attracting regional, national, and international businesses. This presents a compelling investment opportunity for developers seeking to capitalize on the island's enduring appeal and the dynamism of its real estate market. The expansive acreage allows for a variety of development possibilities, catering to diverse commercial ventures. The proximity to established infrastructure simplifies the development process, minimizing potential hurdles and accelerating project timelines. This prime location offers unparalleled visibility and accessibility, maximizing the potential for attracting a wide range of clientele. Investors can leverage the established tourism infrastructure and the growing economic activity to create a successful and profitable venture. The opportunity to establish a presence in this vibrant coastal community is truly exceptional. Don't miss this chance to secure a piece of Chincoteague's thriving waterfront and build a legacy of success. The asking price is $2,800,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.