Catylist ID:
#30817775
6429 Maddox Blvd Chincoteague VA
Retail-Commercial
for Sale
| Catylist Listing ID: | 30817775 |
| Property Subtypes: | Restaurant |
| Building Size (RSF): | 1,200 SF |
| Gross Land Area: | 0.31 SF |
| Sale Price: | $675,000 |
| Unit Price: | $562.50 PSF |
| Ceiling: | 18 ft. |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Business |
| Building Name: | Sea Star Cafe |
| Usable Size (USF): | 1,200 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/21/2023 |
Overview / Comments
|
Recent price reduction from $735K to $675K Tucked away on Chincotrague Island, you'll find a friendly eatery with a yellow star on the side, this is how you will know you have arrived at the Sea Star Cafe, one of the region's most beloved lunch stops for the last 23 years. The Sea Star Cafe is famous for its variety of made to order sandwiches, if you're hungry for lunch, you will find that few things do the trick like a gourmet sandwich with an old fashion ice tea drink. Because the sandwiches are customizable you can order yours how you like it. There are plenty of specialties and combos to choose from as well. The outdoor eating area overlooks a picturesque pond that you can see some amazing wildlife during your dining experience. The owners will help to transition the buyers into operating the Restaurant successfully. The restaurant was open on Thursday-Sunday 11AM-6PM, thats 28 hours a week, the new owners may want to extend hours and add additional days of operation to increase profits. Also the establishment does not serve Wine, Beer, or other Sprits, this feature can also be added to increase revenue to the already profitable operations. Note: The Sea Star Cafe business can be purchased for an additional sum of $535K. |
Additional Details
| Nearest MSA: | Virginia Beach-Norfolk-Newport News |
| County: | Accomack |
| Taxing Authority: | County of Accomack |
| Tax ID/APN: | 030A60200B00001 |
| Zoning: | GENERAL BUSINESS |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Site Description: | Flat |
| Area Description: | Historic Chincoteague Island, a tourist destination for many years! |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 1,200 SF |
| Property Condition: | Excellent |
| Year Built: | 1985 |
| Year Renovated: | 2012 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Frame |
| Exterior Description: | Wood frame building, plank siding, asphalt shingle roof. |
| Total Parking Spaces: | 20 |
| Parking Type: | Surface |
| Parking Description: | 20 Parking Spaces |
| Sprinklers: | None |
| Heat Type: | Electricity, Propane |
| Heat Source: | Central, Heat Pump |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Interior Description: | Building was completely renovated to accommodate the Sea Star Cafe. |
| Zoning Description: | General Business |
| Lot Frontage: | TBD |
| Lot Depth: | Approx. 237' |
| Water Service: | Municipal |
| Sewer Type: | Septic |
| Easements Description: | Public records |
| Land Ownership: | Sea Star Cafe |
| Legal Description: | Parcel ID #030-A-60200-B00001 .3114AC |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,414 | 2,941 | 5,989 |
| Median Age: | 51.85 | 52.14 | 49.2 |
| Households: | 691 | 1,417 | 2,763 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Charlottesville Area Association of REALTORS nor Moody's assume any liability for errors or omissions. |
