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$499,000
Est. payment /mo
4,920 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Office,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,920 sqft
Price per Sqft $101
Subdivision Cape Charles Incorp.
MLS Listing ID 71431
Year Built 1920
Lot Size 2,901 Sqft
Lot Dimensions 2902.2
Property Sub-Type Retail,Office,Commercial
Property Description
Prime opportunity in the heart of downtown Cape Charles — location, location, location! This two-story commercial property is ideally situated directly across from the Cape Charles Town Harbour, placing you in one of the Shore's most desirable and visible locations. Rich with potential and surrounded by the charm and energy of the historic district, this property offers an exceptional investment opportunity. Eligible for historic tax credits, a 10-year real estate tax abatement, and Enterprise Zone renovation rebates, the possibilities for redevelopment are extensive. Renovate the existing structure and explore the opportunity to add a third-story addition with potential harbor views. Town approvals are needed for renovations, this property is ready for your vision. Whether you are seeking retail, restaurant, office, mixed-use, or income-producing potential, this is a rare chance to invest in the continued growth and vibrancy of historic downtown Cape Charles. Second floor is gutted and would be a perfect space for a condo. Build a 3rd story addition & view the harbor and legendary Cape Charles sunsets!! Commercial building is located next to Historic Palace Theater to the west and The Boardwalk (retail/gifts) to the east. Currently leased to popular 23310 Shop in partial space downstairs. Building has deeded rear alley access.
Location
State VA
Interior
Heating Natural Gas, Forced Air-Ducted, Ceiling
Cooling Central Air
Flooring Concrete, Vinyl, Wood
Exterior
Parking Features Other
Waterfront Description Water Access-Public,Bayside
Roof Type Wood Joists,Wood Rafters,Wood Trusses
Building
Lot Description Central Business Area, <.5 acre +/-
Sewer Public Sewer
Others
Virtual Tour https://tour.usamls.net/307-Mason-Ave-Cape-Charles-VA-23310/unbranded
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Listed by CHESAPEAKE PROPERTIES
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