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    151 Market St Onancock, VA 23417

    For Sale
    $997,000

    Well-established, turn-key restaurant for sale in Onancock, Virginia.

    Lot size:
    0.27 Acres

    Property Features for 151 Market St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1960

    Source: Coastal Life Realty Group LLC Agent James Craig Glovier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Turn-Key Restaurant Opportunity

    This is an opportunity to own a well-established, turn-key restaurant in Onancock, Virginia. The property is located on Market Street, situated on a corner lot with high visibility and ample parking. The family-oriented restaurant features new carpet installed in 2023 and new service bar flooring also installed in 2023. The restaurant is fully up to code. All items within the restaurant convey with the sale, excluding a few personal items that will be discussed prior to settlement. This is a rare opportunity to acquire a successful and profitable business that has received several awards and is well-integrated within the community.
    Insight Report 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
    -75.736346
    Latitude
    37.7100158

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    FAQs

    What type of property is this?
    Restaurant - Well-established, turn-key restaurant for sale in Onancock, Virginia.
    Where is this restaurant 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.
    What are key features of this property?
    This property features: - Turn-key, well-established and profitable restaurant business.; - High-visibility corner lot location with ample parking.; - Located in the quaint town of Onancock.
    (410) 430-2171
    Request Owner's contact information
    151 Market St 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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