Commercial

165 MARKET ST

$1,250,000


  • MLS#: 71260
  • Address: 165 MARKET ST, ONANCOCK, VA 23417
  • County: Accomack
  • Subdivision: ONANCOCK
  • Building SQFT: 24222
  • Acres: 2-4.9 acres +/-
  • Year Built: 1975
  • Zoning: Commercial

Location Location

Agent Comments Agent Comments
Prime Commercial Investment Opportunity in the Heart of Onancock Don't miss this exceptional opportunity to own a premier business property in the heart of Onancock. Presently collecting over 10,000 per month to leased tenants . Building was completely rebuilt in 2008. This highly visible corner location on the main road"Market Street" offers outstanding exposure and convenient access, making it ideal for both tenants and customers alike. The property features five commercial rental spaces, three of which are already secured with long-standing leasesproviding immediate and stable income potential. With parking available for approximately 100 vehicles, this property easily accommodates high traffic and customer flowan invaluable asset in a downtown setting. The building is in excellent condition, both inside and out, reflecting consistent maintenance and pride of ownership. Whether you're expanding your portfolio or seeking a reliable income-producing asset, this property offers a rare combination of location, stability, and long-term value. Public water and Sewer. According to a reliable lender :A well qualified person 25% down ($312,500), 75% LTV at 7.5% (loan is $937,500)-Payment P&I $6555.00 well under 10K rental income its now generating.

Interior Features Interior Features
  • Floors: Concrete Slab/Grade, Carpet, Tile/Carpet
  • Interior Features: Other-See Remarks
  • Air Conditioning: Heat Pump
  • Heating: Heat Pump(s)
  • Water: Public

Exterior Features Exterior Features
  • Roof: Composition
  • Exterior: Masonry and Steel
  • Parking: 11+ Spaces, Paved

Additional Features Additional Features
  • County: Accomack
  • Waterfront Features: NON-WATER
  • Year Built: 1975
  • Zoning: Commercial
  • Lot Size: 2.4