18321 ParkwayMelfa, VA 23410

Property Details for 18321 Parkway

Year built

1980

Lot size

2.81 AC

Property size (Sq ft)

11,658 SF

Property type

Office properties

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity presents a fully occupied, 11,658-square-foot flex office and industrial property situated on a 2.81-acre lot in Melfa, Virginia. The property, located at 18321 Parkway, zip code 23410, within the Accomack County Airport Industrial Park, comprises three single-story buildings constructed in 1980 and extensively renovated in 2018. The property boasts a Class C rating and is zoned for light industrial use, offering significant potential for expansion. Currently operating under a triple-net lease (NNN) with a single tenant, this stabilized investment provides a secure and consistent income stream. The property's prime location offers convenient access to Route 13, and benefits from existing infrastructure including water, sewer, and broadband access. The Accomack County Airport Industrial Park provides a diverse business environment, including retail, manufacturing, and service companies. Proximity to Eastern Shore Community College and the Workforce Center further enhances the property's appeal. Potential investors should note the availability of incentives from Accomack County and the State of Virginia, along with additional free resources provided by the Virginia Employment Commission. The asking price for this fee-simple ownership is $550,000. This property represents a compelling investment opportunity in a thriving industrial park.

Location Insight

City

Melfa

County

Accomack

State

Virginia

Latitude

37.6429

Longitude

-75.7596

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