17 Atlantic Ave - Restaurant FOR SALE


Wachapreague, VA 23480
$2,800,000 USD
757-333-4382
17 Atlantic Ave, Wachapreague, VA for Sale
$2,800,000 USD
Restaurant - FOR SALE
1/27
null | Request Cap Rate

17 Atlantic Ave
Wachapreague, VA 23480


HIGHLIGHTS

  • 196-seat waterfront restaurant with indoor and outdoor dining areas
  • 16-slip marina with fuel service and boat pump-out station
  • Waterfront location on the Wachapreague Channel with access to the Atlantic Ocean
  • 360± SF tackle shop and additional marina-related amenities
  • Approximately $2M invested in upgrades and property improvements

OVERVIEW

The former Island House Restaurant is a premier waterfront restaurant and marina property located along the Wachapreague Channel on Virginia’s Eastern Shore. The property features a 10,378± square foot restaurant building positioned on 0.87± acres of commercially zoned waterfront land with both road and water access. The facility includes expansive dining areas, a full-service bar, banquet space, commercial kitchen, and outdoor decks overlooking the water. A marina and boating amenities make the property a destination for both locals and visitors traveling by land or boat. Significant capital improvements have been completed over the past 15 years, enhancing both the restaurant facility and waterfront infrastructure.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,984 SF

ZONING

-

APN/PARCEL ID

113-A0-A0-00-0208-00

ASK ABOUT THIS PROPERTY

Levi ThomsonDivaris Real Estate, Inc.More Info
757-333-4382

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Levi ThomsonDivaris Real Estate, Inc.More Info
757-333-4382

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