About This Home
This 0-bedroom, 0-bathroom commercial at 4098 MAIN ST in Chincoteague, VA is listed for $1,550,000 ($196 per sqft). Built in 1940, the home offers 7,924 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1940
- 0.11 acre lot
Property Details
Commercial Investor Opportunity in Downtown Chincoteague! An exceptionally large commercial building on the island, the Village Mall is a well-established commercial center that has maintained near full occupancy for almost three consecutive years. The venue benefits from strong seasonal customer traffic and well-attended merchant events throughout
the year such as Death by Chocolate, Search for the Shamrocks, the Christmas Parade, the Christmas Tree Lighting, and the Horseshoe Drop to name a few. A spacious, popular parking area directly outside enhances accessibility and foot traffic potential year-round.
Flexible layouts throughout are ideal for retail, art studio, or office use. There are six units downstairs, six upstairs. 13 meters, one for hallway space & each shop has their own meter. Upstairs units have their own heat & a/c: baseboard heat or forced air heat & a/c units or forced air.
Downstairs units each have their own mini splits. Owner has performed approximately $25,000 worth of improvements in the last four years as well as a number of improvements performed by individual tenants. Improvements include upgraded lighting throughout, mini split unit downstairs to replace the old rooftop unit, all new insulated duct work for the 2nd floor A/C and heat, updated exterior siding, and more. ATTENTION: All units are currently rented out. Please be courteous and do not disturb their businesses.
Monthly Cost Estimate
$8,290/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4098 MAIN ST
Chincoteague, VA 23336
CHINCOTEAGUE
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 4098 MAIN ST is listed at $1,550,000 ($196/sqft). The estimated monthly payment is $8,290 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.11 acre lot.
This property is listed by Benjamin Clark and can be reached at 7575905432.


