165 Market St - Storefront Retail/Office FOR SALE


Onancock, VA 23417
$1,150,000 USD
202-286-1542
165 Market St, Onancock, VA for Sale
$1,150,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 9.37% Cap Rate

165 Market St
Onancock, VA 23417


OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Peninsula Center, a 76% occupied retail and healthcare building located at 165 Market Street in Onancock, Virginia. The property is anchored by DaVita Kidney Care, a national healthcare provider with approximately 5 years remaining on its current lease and three (5-year) renewal options, underscoring their long-term commitment to the location. Additional tenants include NeuBeam, with 2.8 years remaining, and V’Lona’s Unique Venue on a month-to-month lease, providing a blend of stable income and upside through future repositioning. The leases are structured to provide minimal landlord responsibilities, offering a low-management opportunity for investors seeking long-term income stability in a health and service-oriented asset. The property is ideally positioned along Market Street (5,600 VPD), just 2 miles from U.S. Route 13 (26,000 VPD), the region’s primary north-south artery. It is located less than 2 miles from several national retailers including the Marshall’s-anchored Four Corner Plaza (148,000 SF), the Tractor Supply Co.-anchored Chesapeake Square (110,416 SF), and a Walmart Supercenter. Onancock’s commercial corridor continues to support a healthy mix of essential service, retail, and grocery anchors including Subway, Food Lion, and Hardee’s. The property benefits from its close proximity to Riverside Shore Memorial Hospital (less than 1 mile), Downtown Onancock, and the Historic Onancock Wharf (1 mile), strengthening its appeal to both medical and consumer traffic. The 5-mile trade area is supported by a population of 7,841 and an average household income of $83,394, offering strong consumer fundamentals in a stable, regional market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

9.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peninsula Center - Onancock, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

Commercial

APN/PARCEL ID

085-A3-06-00-0025-A0

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.