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    FOR SALE
    Commercial real estate

    151 Market St Onancock, VA 23417

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US87-2608318
    151 Market St, Onancock, VA 23417 For Sale 1 / 43
    $997,000
    151 Market St, Onancock, VA 23417
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    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity is located at 151 Market Street in the charming town of Onancock, Virginia. Situated on a highly visible corner lot with ample parking, this 3,036 square foot establishment boasts a prime location for attracting customers. The restaurant sits on a 0.27-acre lot and is completely up to code, ensuring a smooth transition for the new owner. Recent upgrades include new carpeting installed in 2023 and new service bar flooring, also completed in 2023, demonstrating a commitment to maintaining a high standard of quality. The sale includes all restaurant equipment and furnishings, excluding a few personal items to be discussed before closing. This well-established, family-friendly restaurant has a proven track record of success, having earned multiple awards and cultivated strong community ties. This presents a rare chance to acquire a profitable and thriving business with significant potential for continued growth. The asking price for this turnkey operation is $997,000. Don't miss this unique opportunity to own a successful and established restaurant in a desirable location. Schedule a showing today to explore this exceptional investment.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 085A304010001A0
    UPID US87-2608318
    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
    Current use
    Occupant on record · Public records
    • Market Street Grill Restaurant
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    IV MATE LLC
    IV MATE LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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