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Property profile & analytics
OFF-MARKET
Commercial real estate

Main St Chincoteague, VA 23336

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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