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$1,550,000
Est. payment /mo
7,924 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Office,Business,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,924 sqft
Price per Sqft $195
Subdivision Chincoteague
MLS Listing ID 72197
Year Built 1940
Lot Size 4,791 Sqft
Lot Dimensions 4791.6
Property Sub-Type Retail,Office,Business,Commercial
Property Description
Commercial Investor Opportunity in Downtown Chincoteague! An exceptionally large commercial building on the island, the Village Mall is a well-established commercial center that has maintained near full occupancy for almost three consecutive years. The venue benefits from strong seasonal customer traffic and well-attended merchant events throughout the year such as Death by Chocolate, Search for the Shamrocks, the Christmas Parade, the Christmas Tree Lighting, and the Horseshoe Drop to name a few. A spacious, popular parking area directly outside enhances accessibility and foot traffic potential year-round. Flexible layouts throughout are ideal for retail, art studio, or office use. There are six units downstairs, six upstairs. 13 meters, one for hallway space & each shop has their own meter. Upstairs units have their own heat & a/c: baseboard heat or forced air heat & a/c units or forced air. Downstairs units each have their own mini splits. Owner has performed approximately $25,000 worth of improvements in the last four years as well as a number of improvements performed by individual tenants. Improvements include upgraded lighting throughout, mini split unit downstairs to replace the old rooftop unit, all new insulated duct work for the 2nd floor A/C and heat, updated exterior siding, and more. ATTENTION: All units are currently rented out. Please be courteous and do not disturb their businesses.
Location
State VA
Interior
Heating Baseboard, Forced Air, Heat Pump, Other
Cooling Central Air, Wall Unit(s), Heat Pump
Flooring Brick
Exterior
Parking Features 11+ Spaces
Waterfront Description None
Building
Lot Description Central Business Area, <.5 acre +/-
Sewer Cesspool
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Listed by DOCKSIDE PROPERTIES
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