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17 Atlantic Ave 10,378 SF Retail Building Wachapreague, VA 23480 $3,875,396 CAD ($373.42 CAD/SF)
Investment Highlights
- 196-seat waterfront restaurant with indoor and outdoor dining areas
- Waterfront location on the Wachapreague Channel with access to the Atlantic Ocean
- Approximately $2M invested in upgrades and property improvements
- 16-slip marina with fuel service and boat pump-out station
- 360± SF tackle shop and additional marina-related amenities
Executive Summary
The former Island House Restaurant is a premier waterfront restaurant and marina property located along the Wachapreague Channel on Virginia’s Eastern Shore. The property features a 10,378± square foot restaurant building positioned on 0.87± acres of commercially zoned waterfront land with both road and water access. The facility includes expansive dining areas, a full-service bar, banquet space, commercial kitchen, and outdoor decks overlooking the water. A marina and boating amenities make the property a destination for both locals and visitors traveling by land or boat. Significant capital improvements have been completed over the past 15 years, enhancing both the restaurant facility and waterfront infrastructure.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,378 SF
Building Class
C
Year Built
1979
Price
$3,875,396 CAD
Price Per SF
$373.42 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.87 AC
Amenities
- Signage
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 113-A0-A0-00-0208-00 | Improvements Assessment | $596,585 CAD |
| Land Assessment | $262,954 CAD | Total Assessment | $859,539 CAD |
Property Taxes
Parcel Number
113-A0-A0-00-0208-00
Land Assessment
$262,954 CAD
Improvements Assessment
$596,585 CAD
Total Assessment
$859,539 CAD
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