Property profile

0 Main St Chincoteague, VA 23336

OFF-MARKET
Land
2.54 ac lot
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Property summary

AI-generated overview

This exceptional 2.54-acre parcel of land is situated on South Main Street in Chincoteague, Virginia, zip code 23336. Located along Chincoteague Island's renowned waterfront, this property presents a compelling development opportunity with diverse potential uses. The land is zoned C4, offering flexibility for various projects. Its prime location provides convenient access to the city's amenities and infrastructure. Chincoteague Island's status as a popular tourist destination ensures strong potential for lucrative returns and long-term value appreciation. The area is experiencing rapid growth, attracting regional, national, and international businesses, further enhancing the investment prospects. This competitively priced land offers a unique chance to capitalize on the appeal of Chincoteague Island and establish a successful venture in this thriving real estate market. The property's latitude and longitude coordinates are 37.9321055 and -75.3797331 respectively. The asking price for this exceptional opportunity is $3,200,000.

Property profile

Verified
Property type Land
Lot 2.54 ac (110,642 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Chincoteague, VA 23336
Chincoteague metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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