For Sale
$1,670,000

2130 Stone RdCape Charles, VA 23310

Profitable Turnkey Grocery Business

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a thriving 2,800 square foot grocery store located at 2130 Stone Rd, Cape Charles, VA 23310. Built in 2020, this single-tenant, NNN-leased property boasts a highly visible location just past the Cape Charles Water Tower, offering ample parking (11 spaces) on a 0.41-acre lot. Currently operating as a successful market and restaurant, the business includes all equipment, a substantial 12-foot hood system with fire suppression, gas stove, fryers, deli cases, reach-in coolers, a 10x12 walk-in cooler, a 10x10 walk-in freezer, and two Unox ovens. The asking price is $1,670,000, representing a compelling $660.71 per square foot and a 30% cap rate. This turnkey operation offers fresh seafood, steaks, produce, beer, and wine, presenting endless possibilities for expansion and growth within the vibrant Cape Charles community. The property's APN is #: 83A41-B37-39. This is a rare chance to acquire a well-established, profitable business with significant upside potential.

Property Details for 2130 Stone Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,800 SF
Year Built
2020
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Cape Charles
County
Northampton
State
Virginia
Latitude
37.269339
Longitude
-75.998052
2130 Stone Rd, Cape Charles, Virginia

FAQs

What type of property is this?
Retail property - Profitable Turnkey Grocery Business
Where is the retail property located?
The property is located at 2130 Stone Rd Cape Charles, VA.
What is the asking price?
The asking price for this property is $1,670,000.
How can I contact the broker?
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2130 Stone Rd
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