For Sale
$997,000

151 Market St Onancock, VA 23417

Established Restaurant, High Visibility, Turn-Key

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional opportunity presents a fee-simple ownership of a well-established restaurant and bar located at 151 Market Street in the charming town of Onancock, Virginia. Boasting 3,036 square feet on a 0.27-acre corner lot, this property offers high visibility and ample parking (24 spaces). Built in 1960 and zoned for commercial use, the building is in excellent condition, featuring new carpeting (2023) and new service bar flooring (2023). The property is fully compliant with all building codes. This turnkey operation includes all restaurant equipment (excluding a few personal items to be discussed prior to closing). The asking price is $997,000, representing a compelling $328.39 per square foot and a 30% capitalization rate. The property's APN is 085-A3-04-01-0001-A0. This award-winning restaurant enjoys a strong reputation and significant community presence, making it a rare and highly desirable investment. The single-tenancy property is situated in Accomack County, VA, zip code 23417. Don't miss this chance to acquire a thriving business in a picturesque coastal Virginia town.

Highlights

  • Fee-simple ownership of a well-established restaurant and bar at 151 Market Street, Onancock, VA.
  • 3,036 sq ft building on a 0.27-acre corner lot with 24 parking spaces, high visibility.
  • Built in 1960, commercially zoned, excellent condition with recent renovations (new carpeting & bar flooring in 2023).
  • Turnkey operation including all restaurant equipment (excluding a few personal items).
  • Asking price: $997,000 ($328.39/sq ft, 30% capitalization rate). APN: 085-A3-04-01-0001-A0.

Property Details for 151 Market St

Property type
Retail properties, Bars
Square Feet
3,036 SF
Year Built
1960
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Onancock
County
Accomack
State
Virginia
Latitude
37.70984052
Longitude
-75.73649878

FAQs

What type of property is this?
Retail property - Established Restaurant, High Visibility, Turn-Key
Where is the retail property located?
The property is located at 151 Market St Onancock, VA.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Fee-simple ownership of a well-established restaurant and bar at 151 Market Street, Onancock, VA.; 3,036 sq ft building on a 0.27-acre corner lot with 24 parking spaces, high visibility.; Built in 1960, commercially zoned, excellent condition with recent renovations (new carpeting & bar flooring in 2023).
How can I contact the broker?
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151 Market St
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