Address
165 Market St, Onancock, VA
Price
$ 1,250,000
Property Attributes
- MLS#71260
- TypeCommercial
- Listing Status Active
- CountyACCOMACK
- CityOnancock
- AreaAccomack
- NeighborhoodOnancock
- Zip23417
- StyleCommercial Sale
- Year Built1975
- Taxes$ 8772
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage24222
Data Source:
Eastern Shore Association of REALTORS®
Property Description
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 leases—providing immediate and stable income potential. With parking available for approximately 100 vehicles, this property easily accommodates high traffic and customer flow—an 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.
| Price History | |
|---|---|
| 4/21/2026 | Listed $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Heat Pump |
| Roof | Composition |
| Parking | 11+ Spaces,Paved |
| Water | Public |
| current use | Office,Business Service,Medical/Dental |
| Zoning | Commercial |
| Status | Active |
| Year Built | 1975 |
| Subdivision | ONANCOCK |
| Miscellaneous | 220 Volts,Office up to 2500 SqFt |
| Location | Business Park,Central Business Area |
| Access | State Highway,Paved Road |
| Status | Active |
| Area | Accomack |
| Virtual Tour | https://tour.usamls.net/165-Market-St-Onancock-VA-23417/unbranded |
| City | ONANCOCK |
| Listing Type | Commercial |
| ListingAgentFirstName | Cathy |
| ListingAgentLastName | Salamone |
Interior Features
| Floors | Concrete Slab/Grade,Carpet,Tile/Carpet |
|---|---|
| Number of Restrooms | 7 |
Exterior Features
| Exterior | Masonry and Steel |
|---|---|
| Waterfront | NON-WATER |
| Lot Dimensions | 2.4 |
| Acreage | 2-4.9 acres +/- |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 23417
Price
Taxes
Year Built
Visits
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