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Property profile & analytics
OFF-MARKET
Commercial real estate

2598 Cherrystone Rd Cape Charles, VA 23310

3,747 SF 94.65 ac lot Built 1780
Property ID
US87-2828549
Property summary
AI-generated overview

This exceptional 94.65-acre waterfront property in Cape Charles, Virginia, presents a unique investment opportunity. The land includes a historic two-story, 3,747 square-foot home built in 1780, featuring three bedrooms, 3.5 bathrooms, a studio or guest room, a large family room with a fireplace, a laundry room, and a basement. A separate guest house and sheds are also on the property, along with an old dock site and a historic family cemetery. The property boasts nearly a mile of saltwater shoreline with boating depth, offering stunning sunset views over Cherrystone Creek and the Chesapeake Bay. Currently zoned Agricultural, the property is divided into eleven lots, two of which have homes. Fields are currently leased for crops, and the main house operates as a vacation rental, while the guest house is vacant. An Agricultural District designation is in place until 2028, resulting in lower property taxes. The property's south and western exposures maximize water views. This property is ideal for a family legacy estate or future subdivision development. An additional 39 acres of waterfront land across the street are also available for purchase. Asking price is $3,400,000.

Property profile
Verified
Property type Commercial real estate
Year built 1780
Total area 3,747 SF
Lot 94.65 ac (4,122,954 SF)
UPID US87-2828549
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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