0 Main St, Chincoteague, VA 23336
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.