225 Mason Ave Cape Charles, VA 23310
- Retail space
- 1.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 225 Mason Ave
- Year built
- 1900
- Lot size
- 1.00 lot acres
- Property type
- Retail space
- APN
- 83A3-1-630
- APU
- 83A31630
Description
This exceptional investment opportunity presents a fully restored, 8,196 square foot retail property located at 225 Mason Ave, Cape Charles, VA 23310. The property, built in 1910 and meticulously upgraded, houses an award-winning and established boutique distillery operating under a 10-year NNN lease with 100% occupancy. The two-story building features a first-floor commercial kitchen and retail lounge seating, a second-floor private event room, and a rooftop deck offering stunning town views. This custom-built space, formerly a hardware store, has been revitalized into one of Cape Charles' signature businesses, situated in the heart of the historic retail district. The property boasts a single tenancy and is situated on a 8,196 square foot lot. The property's APN is 83A3-1-630. This turnkey investment offers a unique blend of historical charm and modern amenities, providing a strong return on investment in a thriving Virginia coastal town. The asking price is $2,500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $670,000
- 6.5%
- $595,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $615,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $630,000
- Mixed-Use
- $520,000
- Hospitality
- $520,000
- Educational
- $680,000
- Residential Income
- $690,000
- Energy
- $600,000
- Income-Based Land
- $560,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Cape Charles
- County
- Northampton
- State
- Virginia
- Longitude
- -76.0187
- Latitude
- 37.2674