4098 Main St, Chincoteague, VA 23336
sale
$1,550,000
|
Other
Courtesy Of DOCKSIDE PROPERTIES
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.
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Property Features
- Age: Over 50 Years Old
- MLSID: 72197
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