12-Unit Village Mall Shopping
New
For Sale
$1,550,000
4098 MAIN ST, Chincoteague, VA 23336
Commercial Sale, CHINCOTEAGUE, VA
Property Size7,924 SF
Lot Size0.11 Acres
Price / SF$195.61
Days on Market2
Property Features for 4098 MAIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
CHINCOTEAGUE
Directions
From the causeway, turn right onto Main St. The property is on your left.
Standard status
Active
APN
30A5-A-466
Size
7,924 SF
Lot size
0.11 Acres
Building Details
Year built
1940
Listing Agency:
DOCKSIDE PROPERTIES
(757) 336-3200
Listed By:
Benjamin Clark · License #0225251876
(757) 590-5432
Added: Sep 18
Last Checked: Sep 19 at 11:06PM
MLS# 72197
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.
Village Mall is a 7,924-square-foot commercial center on a 0.11-acre site, originally built in 1940. The building contains 12 units arranged across two levels, with six suites downstairs and six upstairs. All units are currently rented, providing an established operating configuration for the property.
Each shop has its own electric meter, while one additional meter serves the hallway space, for a total of 13 meters. Upper-level suites use individual baseboard or forced-air heating and air-conditioning systems, while downstairs spaces are equipped with mini-split units. Improvements include updated lighting, insulated second-floor ductwork, exterior siding, and replacement of the former rooftop unit with a downstairs mini-split system.
A parking area is located directly outside the building. The center also benefits from seasonal customer activity and recurring merchant events, including the Christmas Parade, Christmas Tree Lighting, and Horseshoe Drop.
Each shop has its own electric meter, while one additional meter serves the hallway space, for a total of 13 meters. Upper-level suites use individual baseboard or forced-air heating and air-conditioning systems, while downstairs spaces are equipped with mini-split units. Improvements include updated lighting, insulated second-floor ductwork, exterior siding, and replacement of the former rooftop unit with a downstairs mini-split system.
A parking area is located directly outside the building. The center also benefits from seasonal customer activity and recurring merchant events, including the Christmas Parade, Christmas Tree Lighting, and Horseshoe Drop.
Key Highlights
- 7,924‑square‑foot commercial center on a 0.11‑acre site
- 12 units across two levels, with six downstairs and six upstairs
- All units are currently rented
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Comfort Suites
Hotels & Casinos
2,184 visits/mo
0.3 miles
Hampton Inn and Suites Chincoteague Waterfront
Hotels & Casinos
1,997 visits/mo
0.2 miles
Fairfield Inn & Suites by Marriott Chincoteague Island
Hotels & Casinos
1,224 visits/mo
0.2 miles
Americas Best Value Inn
Hotels & Casinos
507 visits/mo
0.5 miles
Marina Bay Hotel & Suites, Ascend Hotel Collection
Hotels & Casinos
308 visits/mo
0.4 miles
Demographics for 23336, VA
3,345
Population
4,495
Households
0.7
Avg Household Size
56
Median Age
37%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
173
Density / Sq Mi
$63,264
Median Household Income
$28,253
Median Earnings
$1,102
Median Rent
$326,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Village Mall — 4098 Main St, Chincoteague, VA 23336
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Frequently Asked Questions
What type of property is this?
Shopping center - Occupied commercial suites support retail, art studio, and office uses with individually metered spaces.
Where is this shopping center located?
The property is located at 4098 MAIN ST Chincoteague, VA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 7,924‑square‑foot commercial center on a 0.11‑acre site; 12 units across two levels, with six downstairs and six upstairs; All units are currently rented
