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18321 Parkway Melfa, VA 23410

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For Sale
$550,000

11,658 SF, 100% Occupied, VA

Property size:
11,658 SF

Property Features for 18321 Parkway

General Information

Property type
Flex space
Square Feet
11,658 SF
Class
C
Lot Size
122,404 SF

Building Details

Year Built/Renovated
1980/2018
Buildings
3
Stories
1

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Listing Contact
Michael Allen, Ccim
Michael Allen, Ccim

Listing Agency: Harvey Lindsay Commercial Real Estate Listing Agent: Michael Allen, Ccim

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

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Overview

This exceptional investment opportunity presents a fully occupied, 11,658-square-foot flex office and industrial property situated on a 2.81-acre lot in Melfa, Virginia. The property, located at 18321 Parkway, zip code 23410, within the Accomack County Airport Industrial Park, comprises three single-story buildings constructed in 1980 and extensively renovated in 2018. The property boasts a Class C rating and is zoned for light industrial use, offering significant potential for expansion. Currently operating under a triple-net lease (NNN) with a single tenant, this stabilized investment provides a secure and consistent income stream. The property's prime location offers convenient access to Route 13, and benefits from existing infrastructure including water, sewer, and broadband access. The Accomack County Airport Industrial Park provides a diverse business environment, including retail, manufacturing, and service companies. Proximity to Eastern Shore Community College and the Workforce Center further enhances the property's appeal. Potential investors should note the availability of incentives from Accomack County and the State of Virginia, along with additional free resources provided by the Virginia Employment Commission. The asking price for this fee-simple ownership is $550,000. This property represents a compelling investment opportunity in a thriving industrial park.
Property Profile Location Intelligence

Current Use by Public Records

Interad Limited Building Supply Luminary Air Group Corporate Office

Suggested Use

Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Food Market Storage Facility Grocery & Convenience Store Electrical Service Furniture & Home Goods

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

Location Insight

  • Map
  • Local Demand
City
Melfa
County
Accomack
State
Virginia
Longitude
-75.7596321
Latitude
37.6429122

FAQs

What type of property is this?
Flex space - 11,658 SF, 100% Occupied, VA
Where is this flex space located?
The property is located at 18321 Parkway Melfa, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully occupied, 11,658 SF flex office/industrial property on a 2.81-acre lot in Melfa, VA.; Located at 18321 Parkway, zip code 23410, in the Accomack County Airport Industrial Park.; Three single-story buildings, built in 1980, extensively renovated in 2018; Class C rating, light industrial zoning.
More about this property
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